My First Texas Home
Home Loan Program Offered by TDHCA
MFSTPO is committed to helping your clients reach homeownership — especially those buying their first home. That’s why we offer the My First Texas Home Loan Program to brokers throughout Texas. This statewide program makes it easier for qualified first‑time buyers to secure mortgage financing and receive assistance with upfront costs.
How this Program Helps Your Clients
The My First Texas Home Loan Program is designed to support first‑time homebuyers and veterans in purchasing their first home. Through this program, your clients may receive down payment and closing cost assistance — helping reduce the amount they must bring to closing.
Here’s how the assistance works:
Down Payment & Closing Cost Assistance – Provides a percentage of the first‑lien mortgage (typically up to 5%) that can be applied toward down payment and closing costs.
Deferred or Forgivable Second Lien – Assistance is structured as a second lien with no interest; repayment is only required if the home is sold or refinanced within the program’s set time period.
By helping remove financial barriers to homeownership, you can guide your clients toward making their first home purchase a reality.
Don’t Qualify for My First Texas Home? Explore Other Options
If your client isn’t eligible for the My First Texas Home program, MFSTPO offers multiple loan products to make homeownership in Texas more accessible. One option is a Mortgage Credit Certificate (MCC), which provides a dollar-for-dollar federal tax credit on a portion of mortgage interest—helping make homeownership more affordable.
Other programs may provide additional down payment and closing cost assistance. For more information visit our DPA Center!
