What is the Homes for Texas Heroes Program?
The Homes for Texas Heroes Program offers affordable mortgage loans and down payment assistance to Texas educators, first responders, and other public service professionals to make homeownership more accessible.
Who qualifies for the Homes for Texas Heroes Program?
Eligible applicants include teachers, police officers, firefighters, emergency medical personnel, corrections officers, and veterans working in Texas. Applicants must meet income and home purchase price limits.
What benefits does the program provide?
The program offers low-interest 30-year fixed-rate mortgages and up to 5% of the loan amount in down payment and closing cost assistance.
Do I need to be a first-time homebuyer to qualify?
No, first-time homebuyer status is not required, making the program available to both first-time and repeat buyers as long as the home is a primary residence.
How much down payment assistance can I receive?
The program provides up to 5% of the loan amount as assistance, which can be used for both the down payment and closing costs.
What is the minimum credit score required for this program?
Applicants generally need a minimum credit score of 620 to qualify. Higher scores may improve eligibility and provide better loan terms.
Are there income limits for the Homes for Texas Heroes Program?
Yes, income limits vary by county and household size to ensure the program supports low-to-moderate-income households.
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Get Started NowWhat types of homes are eligible under this program?
Eligible properties include single-family homes, townhouses, and condominiums. Manufactured homes may also qualify if they are permanently affixed to a foundation and meet program requirements.
What is the maximum purchase price allowed?
As of 2025, the maximum purchase price varies by location but generally ranges from $350,000 to $550,000, depending on the program’s guidelines.
Does the down payment assistance need to be repaid?
The assistance is provided as a second lien loan with no interest and deferred payments. Repayment is only required if the home is sold, refinanced, or no longer used as the buyer’s primary residence.
Is homebuyer education required for this program?
Yes, all participants must complete a homebuyer education course to ensure they are prepared for the responsibilities of homeownership.
Can the program help with closing costs?
Yes, the down payment assistance can also be applied toward eligible closing costs, reducing the upfront expenses for buyers.
Are there location restrictions for the property?
Yes, the property must be located in Texas and meet the program’s eligibility criteria for type and price limits.
Can the program be used for newly constructed homes?
Yes, newly constructed homes are eligible, provided they meet the program’s purchase price and other requirements.
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Get Started NowAre there debt-to-income (DTI) ratio requirements?
The maximum allowable DTI ratio is typically 45%, though exceptions may be made for applicants with strong financial profiles or compensating factors.
Can this program be combined with other assistance programs?
Yes, the Homes for Texas Heroes Program can often be combined with other state or local assistance programs to maximize benefits.
What are the benefits of this program for public service professionals?
The program reduces financial barriers to homeownership by offering affordable mortgage rates, assistance with upfront costs, and access to resources like homebuyer education.
Can this program be used with FHA, VA, or USDA loans?
Yes, the program can be paired with FHA, VA, USDA, and conventional loans, provided all eligibility requirements are met.
What is the process for applying to the Homes for Texas Heroes Program?
Applicants must work with an approved lender who will determine eligibility, guide them through the application process, and assist with securing both the loan and any available assistance.
Is there a fee to participate in the Homes for Texas Heroes Program?
Yes, a one-time program fee may apply, which is typically included in the closing costs. The lender can provide specific details during the application process.