Texas first time home buyer grants and loan programs - The Texas Department of Housing and Community Affairs (TDHCA) offers programs for first time home buyers.

TDHCA's program provides below market interest rate home loans/mortgages through a network of participating lenders to eligible home buyers that purchase their first home. The home buyers must be first time home buyers or buyers that have not owned a home in the past three years.

Two types of loans are available under this program. An “Unassisted Rate” loan typically offers the lowest interest rate available and does not provide funds for down payment and closing cost assistance. For borrowers needing assistance with their down payment, an “Assisted Rate” loan is offered to income-eligible borrowers that provides grant funds up to 5% of the mortgage amount. These loans are offered at a slightly higher interest rate.

Information that any buyer should know before purchasing a home provided by HUD: