My Choice Texas Home
Home Loan Program Offered by TDHCA
MFSTPO is committed to helping your clients move into a home that fits their changing needs. Whether they’re buying their first place, upgrading, relocating, or returning to the market. That’s why we proudly offer the My Choice Texas Home Loan Program to brokers throughout Texas. This program provides competitive mortgage financing and down payment assistance to eligible buyers, including those who don’t qualify as first‑time homebuyers.
How this Program Helps Your Clients
The My Choice Texas Home Loan Program expands access to homeownership by offering low‑interest, 30‑year fixed mortgages paired with flexible assistance for down payment and closing costs. Your clients can receive a portion of their mortgage amount — up to a percentage that helps lessen what they must bring to closing — making homebuying more achievable.
Here’s how the assistance works:
Down Payment & Closing Cost Assistance – Flexible assistance (typically up to 2%, 3%, 4%, or 5% of the first‑lien mortgage amount) that can be used toward down payment and closing costs.
Deferred or Forgivable Second Lien – Assistance is structured without monthly payments; repayment is typically required only if the client sells or refinances within the program’s specified time frame.
Because there’s no first‑time buyer requirement, this program is an excellent option for repeat buyers and anyone who meets income and credit guidelines. By helping reduce upfront costs and offering flexible mortgage options, you can support your clients in finding the right home and making homeownership a reality.
Don’t Qualify for My Choice Texas Home? Explore Other Options
If your client isn’t eligible for the My Choice 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!
