There are multiple options for Texas homebuyers when it comes to down payment assistance programs.
Security First Financial provides a great selection of down payment assistance loan programs, including TSAHC, SETH 5 Star Texas Advantage, and The Texas Homebuyer Program.
We're here to help you get started or assist you with any questions you may have.
TSAHC Programs
The Texas State Affordable Housing Corporation (TSAHC) offers the Home Sweet Texas and Homes for Texas Heroes Programs to help low and moderate-income homebuyers, including teachers, veterans, police officers, corrections officers, and firefighters, purchase a home anywhere in Texas.
TSAHC offers several loan types, interest rates, and Down Payment Assistance (DPA)* options.
- DPA is available as a grant or 3-year deferred forgivable second lien loan.
- You do not need to be a first-time homebuyer to use our DPA programs.
- You can use TSAHC’s DPA to purchase a home, even if you’ve been a homeowner before.
- Homebuyers may purchase a home anywhere in Texas using TSAHC programs.
- Closing a loan using TSAHC programs doesn't take any longer than a traditional mortgage loan.
Two types of assistance are available:
- Fixed-Rate Loans with Down Payment Assistance (DPA)
- Several rate, loan, and DPA options available
- DPA can be up to 5% of the loan amount
- DPA provided as a grant or 3-year second lien loan
Mortgage Credit Certificates (MCC)
- A special tax credit that reduces your federal income taxes every year
- Save thousands of dollars over the life of the loan
- Only for first-time homebuyers or those who have not owned a home in the last three years
- Can be used with TSAHC’s DPA
*First lien interest rates may be higher when using a DPA second. Closings costs and fees may still apply.