First Time Home Buyer Texas

How To Get Your Finances Ready Get Your Credit Ready Get Credit Repair Assistance Get Approved for a Loan Find The Best Loan Program Find The Best Lender

First time home buyer programs in Texas could mean different things to different people.  And, there are actually of many different programs and pieces to consider.   A first-time home buyer program in Texas could apply to quite a few different things. The standard definition for a “first time home buyer” is to not have owned any real estate in the last 3 years.   So this could apply to the actual mortgage, but it could also apply to down payment assistance or maybe a Bond program offered by a City or a State Program. There are several different variations of assistance programs that you could qualify for as a first time home buyer.  Many people don’t realize that there are many variations to a “First Time Home Buyer Program.”  It could mean an entire mortgage loan designed to help First Time Home Buyers in Texas to make it easier to own a home.  It could also mean a Down Payment Assistance Program and/or Closing Cost Assistance program that is used in addition to a mortgage.


So, a good starting point  is to figure out what kind of program is available and which one you qualify for.  Not all programs are the same, and requirements for areas, credit scores, and other items could determine if you could qualify or not.  Here at Help For Home Buyers, we offer over 10 different variations of first-time home buyer programs, along with six different Down Payment Assistance Programs.   That means it could be a first-time home buyer mortgage with a low down payment with lenient or lower credit score requirements. Another one could be a combination of a mortgage along with a separate down payment assistance program that may cover your down payment or closing costs or both.


The best approach is to prepare yourself in advance with a mortgage approval and program selection.  That means you really need to get educated on what’s available and what you qualify for to make plans accordingly.  If you need to make some adjustments to qualify, then you have time to make those changes and be ready 100% to purchase a home.  Knowing your options will make the home-buying process much easier and much more enjoyable.  Also, knowing exactly how the program works, how much money you’re going to need, and what your monthly payment will be will make the process faster and easier.   Here at Help For Home Buyers, we prepare our buyers so that they know exactly what to expect before you even start shopping for a house.


Many people make the mistake of not shopping for all their loan and mortgage options in advance and wait until the last minute after they’ve chosen a house to figure out which program is going to fit them best.   Once you’re under contract you’re going to have a very limited amount of time to sort out your finances because the seller is going to give you time deadlines for each part of the contract.  At Help For Home Buyers, we always recommend to get your qualification in advance and find out which program or programs are going to fit you the best. Not only which programs but how they are different p0how the down payments are different how the payments are different how the interest rates change and also how the fees change.   there is nothing free in this world so the majority of programs has a way of paying itself back, either by an increased interest rate or increase fees. So, either way this will affect your loan amount and your monthly payment. There are only a very limited amount of actual grants that exist and they usually are harder to get and not as available as the majority of the other programs available. So, know your options. Find out what fits you best and if it’s even going to work for you.T

one of the most important things about getting your financing prepared in advance is to figure out what kind of monthly payment you can qualify for which means what kind of sales price you can qualify for.  Remember everything is qualified on a monthly income versus monthly debt basis. So figuring out how much you qualify for full payment range and sales price range will allow you to start browsing for houses in that range to even see if they’re going to fit if these types of homes are going to serve you and your family properly.   because what’s the point of shopping for a house if you’re not going to get something that’s going to serve you well. this will allow you to do initial browsing for this sales price range and determine which neighborhoods are going to be available to you for a home purchase. you may find that you are going to need to pay off some debt to qualify for the house price and neighborhood that you want.   so it is good to prepare this in advance so you can have a goal and a game plan to get there. we can help set up a plan to pay off debt to increase your sales price approval amount and show you what it would take to get to the house price you want. proper planning will make the entire process go smoother and be more enjoyable for you and your family.


I have been in the mortgage business for almost 28 years and I have seen the majority of families that qualify for a down payment assistance program, not even use it.  A lot of it has to do with the type of program that they qualify for but the majority programs will limit the amount of house that you can buy since they are granting or giving the down payment or closing costs or both.   so for example if you’re coming up with your own down payment which is roughly about three to three and a half percent, then you fall under normal home loan guidelines. And, this may mean you can qualify for a $180,000 house based off your income, but once you insert or incorporate a down payment or closing assistance program then this program’s guidelines will apply.  


So, this means that many of the First time home buyer Texas down payment  assistance programs apply their own debt to income rules or guidelines. So, they will dictate to you how much you can buy because now they are gifting you or providing you the down payment assistance.   So as in the above example of the $180,000 sales price, the down payment assistance program may only allow you to buy maybe $130,000 to $140,000. This will greatly limit your house election and the neighborhoods that are going to be available to you for your home search and for this reason many home buyers have not used the down payment assistance programs and instead have elected to save up for their own down payment or get the down payment gifted from a relative or family member.

Social Media

Other Ways We Can Help

Get The Latest Updates

Subscribe To Our Monthly Newsletter

No spam, notifications only about new products, updates.

We Offer Assistance with Every Part and Step of Buying a Own.  From having over 30 lender partners with several hundred combined Home Buyer Programs .  We also Assist with Damaged Credit with Our Credit Repair & Improvement Program, so Credit Score Doesn’t Matter With Us.  And, finally finding the best Realtor for Your Home Search.   

Credit Repair & Improvement

We Don't Deny Anyone for Credit, Instead We Provide Solutions. Our Supercharged Credit Repair & Improvement is Designed for Home Buyers to provide fast results and permanent results. Credit Repair done right should be permanent in order to give you plenty of time to search for your home.

30 Lender Partners to Find The Best Programs to Fit Your Needs

Not all Bank or Lender Programs are The Same. We Will Help You Find Your Best Options for 1st Time Home Buyer Programs, Zero Down Options, Down Payment Assistance Programs, & All Other Special Programs That Will Fit Your Needs.

Home Search with Instant Alerts

Have a Home Search Designed for Exactly What You Are Looking For. Find The Hottest Deals Instantly with Daily Alerts. Never Miss the Hottest Deals in town, and Have a Real Estate Expert Guiding You Every Step of The Way.

Get A FREE Home Buying Plan

And Credit Analysis

Helping Families for over 29 years


Get Started


Contact Us