Homebuyer Programs at MFStpo

Providing Your Clients with Mortgage Solutions that Meet Their Needs

MFStpo offers a range of financial solutions, including 30-year fixed interest rate mortgage loans, down payment assistance grants, and mortgage credit certificates, all accessible through various programs. These programs are made available via an extensive network of approved mortgage lenders.

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Down Payment Assistance

For many potential homebuyers, saving for a down payment can be challenging, especially for those with limited financial resources or first-time buyers facing high upfront costs. Down payment assistance programs offer a lifeline by providing financial support or grants that significantly reduce the burden of the initial payment, making homeownership more attainable. 

By widening the pool of eligible buyers and promoting homeownership, these programs contribute to stronger communities, increased economic growth, and a sense of pride and stability for homeowners. They empower individuals and families to invest in their future, building a foundation for long-term financial security and opportunities for generations to come.

Our Down Payment Assistance loans offer:

  • Available to those with a credit scores as low as 620
  • No max debt-to-income ratio(DTI) w/AUS approval
  • Lower fees than traditional loans
  • Third Party Originators allowed
  • FHA manual underwrites allowed up to 43% debt-to-income(DTI) ratio with no additional fee (640 minimum FICO score required)
  • FHA non-traditional credit allowed with no additional fee
  • Income limits vary by county. Expanded income limits available in targeted areas.

Mortgage Credit Certificates (MCCs)

Mortgage loans with Mortgage Credit Certificates (MCCs) hold immense significance in Texas, fostering affordable homeownership and encouraging financial prosperity for residents. The MCC program allows eligible homebuyers to claim a tax credit for a portion of the mortgage interest paid, effectively reducing their federal income tax liability. This reduction in taxes frees up more funds for homeowners to put towards their mortgage payments, making homeownership more accessible and sustainable. 

By easing the financial burden associated with homeownership, MCCs empower Texans to achieve their dreams of owning a home, particularly for first-time buyers and low-to-moderate income households. Overall, the presence of MCCs in Texas not only benefits individual homeowners but also strengthens the fabric of the entire state’s housing landscape.

Our MCC loans offer:

  • A special tax credit that reduces a home buyer’s federal income tax liability every year
  • Helps the home buyer qualify by reducing the DTI
  • No minimum credit score or maximum DTI requirements
  • May be used with any fixed-rate loan product or combined with TSAHC’s Down Payment Assistance.
  • FREE for those Texas Heroes also using TSAHC’s Down Payment Assistance.
  • ​Income limits vary by county.
  • Expanded income and purchase price limits available in targeted areas.
  • Exclusively for first-time home buyers

Learn More About Our Homebuyer Programs

At MFStpo, we offer multiple solutions to brokers like you looking to provide your clients with the best opportunity to get into their dream home. Consider our other loan products when working with your clients:

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