Great news! The Texas State Affordable Housing Corporation’s first-time homebuying program now includes grants to assist buyers with their down payment and closing costs.
There are three groups in particular that can qualify for the grants. The TSAHC’s Professional Educators and Texas Heroes or Home Sweet Texas Home. The grant is 5% of the loan amount which can be a significant amount of money.
Note, those who qualify for one of the programs, must also be a frst-time homebuyer or must not have had an ownership in any residence during the last three years. They must also meet the income and home purchase price limits, complete a HD-approved homebyer education course before closing the loan and the must reside in Texas.
Click here for more information and requirements: http://www.tsahc.org/single/single_buyers_step1.php