Are you dreaming of owning your first home but feeling overwhelmed by the complexities of the process? At Rock Mortgage of Houston, TX, we understand the challenges of first time home buyers. That’s why we’re thrilled to introduce you to the wealth of opportunities provided by the Texas State Affordable Housing Corporation (TSAHC). Together, we can turn your dream of homeownership into a reality.
The Gateway to Your Dream Home
The TSAHC, a nonprofit organization established by the Texas Legislature, specializes in empowering Texans to achieve their homeownership dreams, particularly first-time buyers. If you’re taking your initial steps towards homeownership, TSAHC is here to guide you through the process.
Understanding Your Eligibility
Are you unsure if you qualify for assistance? Begin your journey by completing our simple Eligibility Quiz. This quick assessment determines your eligibility for TSAHC’s home buying programs and assistance. Whether you’re seeking guidance on finding a lender, attending home buying courses, or connecting with a REALTOR®, we’re here to support you every step of the way.
Deciphering “First-Time Home Buyer” Status
Wondering if you qualify as a first-time home buyer? TSAHC defines this as individuals or families who haven’t owned, or held an ownership interest in, a home within the past three years. Even if you’ve previously owned a home, you may still be eligible for TSAHC’s programs.
Down Payment Assistance: Your Key to Homeownership
One of the most significant barriers to homeownership is the down payment. TSAHC offers Down Payment Assistance (DPA) to bridge this gap. Whether you opt for a grant or a forgivable second lien loan, TSAHC provides financial support tailored to your needs. With a minimum credit score of 620 and meeting specific income requirements, you could receive assistance to make your dream home a reality.
Tailored Programs to Suit Your Needs
TSAHC offers two primary programs:
1. “Homes for Texas Heroes” Program: Designed for professionals serving our communities, including educators, police officers, firefighters, veterans, and more.
2. “Home Sweet Texas” Home Loan Program: Ideal for those who don’t qualify under the professions listed above.
Unlock Additional Benefits with Mortgage Credit Certificates
First-time home buyers can also benefit from a Mortgage Credit Certificate (MCC), providing a mortgage interest tax credit. This additional support further enhances your ability to afford and sustain homeownership.
Ready to Begin Your Journey?
Take the first step towards homeownership by completing our Eligibility Quiz. Upon qualification, you’ll be directed to a participating lender who will assist you with the application process. Additionally, you’ll need to complete an approved home buyer education course before closing on your home. While we don’t require you to work with a specific REALTOR®, we offer resources to help you find one familiar with our programs.
Your dream home awaits—let Rock Mortgage and TSAHC guide you on the path to homeownership in Texas. Take the first step today and unlock the door to your future.
