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  1. Home
  2. Home Buyer FAQ: What Type of Home Can I Buy with TSAHC’s Homeownership Programs?
  • General Questions 6 Articles

    • Lender FAQ: How to Interpret TSAHC Program Income and Purchase Price Limits
    • Lender FAQ: How to Make a New Reservation
    • What is Down Payment Assistance or DPA?
    • How Do I Know if Down Payment Assistance is Right for Me?
    • How Does TSAHC Help People Buy Homes? FAQs about TSAHC's DPA and MCC Programs.
    • Which Down Payment Assistance Type is Best for Me?
  • Lenders 57 Articles

    • DPA 78 Articles
      • Lender FAQ: Are DACA recipients eligible for TSAHC's programs?
      • Lender Guidelines: 6.2 Lender Compensation
      • Lender Guidelines: 7.2 Reservation, Compliance and Closing Steps
      • Home Buyer FAQ: What is a Targeted Area?
      • Lender Guidelines: 4.4 Targeted Areas
      • Lender Guidelines: 9.5 Reissued MCCs
      • Lender FAQ: How to Interpret TSAHC Program Income and Purchase Price Limits
      • Lender FAQ: How to Access and Run TSAHC Program Reports for Loans in your Pipeline
      • Lender FAQ: How to Pull Loan Documents from the Lender Portal
      • Lender FAQ: How to Upload Compliance Documents in the Lender Portal
      • Lender Guidelines: 4.3 Purchase Price Limitation
      • Lender Guideline: 8.2 Change in Purchase Price
      • Home Buyer FAQ: Who is Eligible for TSAHC’s Homeownership Programs?
      • Lender Guidelines: 2.6 Residency Requirements
      • What is Down Payment Assistance or DPA?
      • How Do I Know if Down Payment Assistance is Right for Me?
      • Home Buyer FAQ: How Do I Apply for TSAHC’s Homeownership Programs?
      • Lender Guidelines: 5.1 General Mortgage Underwriting
      • Home Buyer FAQ: Are there Credit and Debt Requirements?
      • Home Buyer FAQ: Do we have to use a TSAHC approved lender to apply for the assistance?
      • Home Buyer FAQ: What are the Eligibility Requirements for the DPA and MCC Programs?
      • Lender Guidelines: 2.2 Income Limitation
      • Home Buyer FAQ: How Long Does It Take to Buy a Home Using TSAHC’s Homeownership Programs?
      • Home Buyer FAQ: Can I Buy a Rental Home or Vacation Home Using TSAHC’s Homeownership Programs?
      • Home Buyer FAQ: When Can I Lock My Interest Rate?
      • Home Buyer FAQ: Can I Combine a Mortgage Credit Certificate with TSAHC’s Down Payment Assistance?
      • Lender Guidelines: 2.1 Eligible Borrowers
      • Lender Guidelines: 2.3 First-Time Home Buyer Requirement
      • Lender Guidelines: 2.4 New Mortgage Requirement/No Refinancing
      • Lender Guidelines: 2.5 Principal Residence Requirement
      • Lender Guidelines: 2.7 Home Buyer Education
      • Lender Guidelines: 3.1 Types of Loans
      • Lender Guidelines: 3.2 Purpose of Loan
      • Lender Guidelines: 3.3 Assistance Options - Non-bond DPA (with or without MCC), Bond DPA or MCC Only
      • Lender Guidelines: 3.4 Using Additional Subsidy Programs
      • Lender Guidelines: 3.5 Mortgage Subsidy Recapture Tax
      • Lender Guidelines: 4.1 Eligible Loan Area
      • Lender Guidelines: 4.2 Qualifying Residences and Mortgage Loans
      • Lender Guidelines: 5.2 Cosigners and Non-Occupant Co-Borrowers
      • Lender Guidelines: 6.1 Program Fees
      • Lender Guidelines: 6.3 Fees and Charges on Closing Disclosure
      • Lender Guidelines: 7.1 Lender Portal
      • Lender Guidelines: 7.3 Electronic Submission of Required Documents
      • Lender Guidelines: 8.1 Changes in Current Income
      • Lender Guidelines: 8.3 Changes in Property Address
      • Lender Guidelines: 8.4 Change in Loan Amount
      • Lender Guidelines: 8.5 Lender's Obligation to Notify TSAHC of Material Changes
      • Lender Guidelines: 9.1 Cancellation and Commitment Expirations
      • Lender Guidelines: 9.2 Delinquent Closing Documentation
      • Lender Guidelines: 9.3 Penalties for Borrower Misrepresentation
      • Lender Guidelines: 9.4 Revocations of MCC
      • Lender Guidelines: 9.6 Replacement MCCs
      • Lender Guidelines: 10.1 Lender Record Keeping and Federal Report Filing
      • Lender Guidelines: 10.2 TSAHC Reports
      • Lender Guidelines: Appendix- Income Guidelines for Borrowers Receiving Bond DPA or MCC
      • Home Buyer FAQ: What is the definition of a first-time home buyer?
      • Home Buyer FAQ: How can I compare all TSAHC’s down payment assistance options?
      • Lender FAQ: What is the difference between a tax credit and a tax deduction?
      • Lender/Realtor FAQ: What does someone using the Homes for Texas Heroes Program receive over someone using the Home Sweet Texas Program?
      • Home Buyer FAQ: What Types of Assistance Does TSAHC Offer?
      • Home Buyer FAQ: Do I Have to Pay Back the Down Payment Assistance Provided by TSAHC?
      • Home Buyer FAQ: What are the Qualifications for the Homes for Texas Heroes Home Loan Program?
      • Home Buyer FAQ: Where Can I Buy a Home Using TSAHC’s Homeownership Programs?
      • Home Buyer FAQ: How Do I Find an Approved Lender in My Area?
      • Lender Guidelines: 1.1 General Information
      • Home Buyer FAQ: What Are TSAHC’s Homeownership Program Fees?
      • Home Buyer FAQ: What Type of Home Can I Buy with TSAHC’s Homeownership Programs?
      • Home Buyer FAQ: What is the Difference Between Closing Costs and the Required Down Payment?
      • Home Buyer FAQ: What is Mortgage Insurance and When is It Required?
      • Home Buyer FAQ: Is a Gift an Acceptable Source of my Down Payment?
      • Home Buyer FAQ: Will Inquiries about my Credit Affect my Credit Score?
      • Home Buyer FAQ: What Are the Benefits of TSAHC’s Forgivable Second Lien DPA?
      • Home Buyer FAQ: What Is Debt to Income (DTI)?
      • Lender FAQ: My file in the Lender Portal is incomplete – How do I clear conditions/exceptions?
      • Lender/Realtor FAQ: Is the Non-Bond DPA and/or MCC program ‘Homes for Texas Heroes’ or ‘Home Sweet Texas’?
      • Lender/Realtor FAQ: Where can I find marketing materials to advertise myself and TSAHC’s programs?
      • Lender FAQ: How do I take TSAHC's Lender Training?
      • Lender FAQ: How do I sign up to become an approved lender?
    • MCC 77 Articles
      • Lender FAQ: Are DACA recipients eligible for TSAHC's programs?
      • Lender Guidelines: 6.2 Lender Compensation
      • Lender Guidelines: 7.2 Reservation, Compliance and Closing Steps
      • Home Buyer FAQ: What is a Targeted Area?
      • Lender Guidelines: 4.4 Targeted Areas
      • How Do I Obtain a Copy of the Mortgage Credit Certificate?
      • Lender Guidelines: 9.5 Reissued MCCs
      • Home Buyer FAQ: What if I Refinance My Loan? Can I Keep My Mortgage Credit Certificate?
      • Lender FAQ: How to Interpret TSAHC Program Income and Purchase Price Limits
      • Lender FAQ: How to Access and Run TSAHC Program Reports for Loans in your Pipeline
      • Lender FAQ: How to Pull Loan Documents from the Lender Portal
      • Lender FAQ: How to Upload Compliance Documents in the Lender Portal
      • Lender Guidelines: 4.3 Purchase Price Limitation
      • Lender Guideline: 8.2 Change in Purchase Price
      • Home Buyer FAQ: Who is Eligible for TSAHC’s Homeownership Programs?
      • What is the MCC Credit Rate?
      • Lender Guidelines: 2.6 Residency Requirements
      • Home Buyer FAQ: How Do I Apply for a Mortgage Credit Certificate from TSAHC?
      • Home Buyer FAQ: How Do I Apply for TSAHC’s Homeownership Programs?
      • Lender Guidelines: 5.1 General Mortgage Underwriting
      • Home Buyer FAQ: Are there Credit and Debt Requirements?
      • Home Buyer FAQ: Do we have to use a TSAHC approved lender to apply for the assistance?
      • Home Buyer FAQ: I Have a Mortgage Credit Certificate. What Happens if I Sell My Home or Move?
      • Lender Guidelines: 2.2 Income Limitation
      • Home Buyer FAQ: How Long Does It Take to Buy a Home Using TSAHC’s Homeownership Programs?
      • Home Buyer FAQ: Can I Buy a Rental Home or Vacation Home Using TSAHC’s Homeownership Programs?
      • Home Buyer FAQ: Can I Combine a Mortgage Credit Certificate with TSAHC’s Down Payment Assistance?
      • Home Buyer FAQ: What if My Income Increases? Am I still Eligible for a Mortgage Credit Certificate?
      • Lender Guidelines: 2.1 Eligible Borrowers
      • Lender Guidelines: 2.3 First-Time Home Buyer Requirement
      • Lender Guidelines: 2.4 New Mortgage Requirement/No Refinancing
      • Lender Guidelines: 2.5 Principal Residence Requirement
      • Lender Guidelines: 2.7 Home Buyer Education
      • Lender Guidelines: 3.1 Types of Loans
      • Lender Guidelines: 3.2 Purpose of Loan
      • Lender Guidelines: 3.3 Assistance Options - Non-bond DPA (with or without MCC), Bond DPA or MCC Only
      • Lender Guidelines: 3.4 Using Additional Subsidy Programs
      • Lender Guidelines: 3.5 Mortgage Subsidy Recapture Tax
      • Lender Guidelines: 4.1 Eligible Loan Area
      • Lender Guidelines: 4.2 Qualifying Residences and Mortgage Loans
      • Lender Guidelines: 5.2 Cosigners and Non-Occupant Co-Borrowers
      • Lender Guidelines: 6.1 Program Fees
      • Lender Guidelines: 6.3 Fees and Charges on Closing Disclosure
      • Lender Guidelines: 7.1 Lender Portal
      • Lender Guidelines: 7.3 Electronic Submission of Required Documents
      • Lender Guidelines: 8.1 Changes in Current Income
      • Lender Guidelines: 8.3 Changes in Property Address
      • Lender Guidelines: 8.4 Change in Loan Amount
      • Lender Guidelines: 8.5 Lender's Obligation to Notify TSAHC of Material Changes
      • Lender Guidelines: 9.1 Cancellation and Commitment Expirations
      • Lender Guidelines: 9.2 Delinquent Closing Documentation
      • Lender Guidelines: 9.3 Penalties for Borrower Misrepresentation
      • Lender Guidelines: 9.4 Revocations of MCC
      • Lender Guidelines: 9.6 Replacement MCCs
      • Lender Guidelines: 10.1 Lender Record Keeping and Federal Report Filing
      • Lender Guidelines: 10.2 TSAHC Reports
      • Lender Guidelines: Appendix- Income Guidelines for Borrowers Receiving Bond DPA or MCC
      • Home Buyer FAQ: What is the definition of a first-time home buyer?
      • Home Buyer FAQ: How can I compare all TSAHC’s down payment assistance options?
      • Lender FAQ: What is the difference between a tax credit and a tax deduction?
      • Lender/Realtor FAQ: What does someone using the Homes for Texas Heroes Program receive over someone using the Home Sweet Texas Program?
      • Home Buyer FAQ: What Types of Assistance Does TSAHC Offer?
      • Home Buyer FAQ: What are the Qualifications for the Homes for Texas Heroes Home Loan Program?
      • Home Buyer FAQ: Where Can I Buy a Home Using TSAHC’s Homeownership Programs?
      • Home Buyer FAQ: How Do I Find an Approved Lender in My Area?
      • Lender Guidelines: 1.1 General Information
      • Home Buyer FAQ: What is a Mortgage Credit Certificate?
      • Home Buyer FAQ: What Are TSAHC’s Homeownership Program Fees?
      • Home Buyer FAQ: What Type of Home Can I Buy with TSAHC’s Homeownership Programs?
      • Home Buyer FAQ: Will Inquiries about my Credit Affect my Credit Score?
      • Home Buyer FAQ: If I Have a Mortgage Credit Certificate, Can I Still Take the Mortgage Interest Tax Deduction on My Tax Return?
      • Home Buyer FAQ: How Will My Income Be Calculated to Determine My Eligibility for a Mortgage Credit Certificate?
      • Lender FAQ: My file in the Lender Portal is incomplete – How do I clear conditions/exceptions?
      • Lender/Realtor FAQ: Is the Non-Bond DPA and/or MCC program ‘Homes for Texas Heroes’ or ‘Home Sweet Texas’?
      • Lender/Realtor FAQ: Where can I find marketing materials to advertise myself and TSAHC’s programs?
      • Lender FAQ: How do I take TSAHC's Lender Training?
      • Lender FAQ: How do I sign up to become an approved lender?
    • Guidelines 41 Articles
      • Lender Guidelines: 6.2 Lender Compensation
      • Lender Guidelines: 7.2 Reservation, Compliance and Closing Steps
      • Lender Guidelines: 4.4 Targeted Areas
      • Lender Guidelines: 9.5 Reissued MCCs
      • Lender FAQ: How to Interpret TSAHC Program Income and Purchase Price Limits
      • Lender FAQ: How to Pull Loan Documents from the Lender Portal
      • Lender Guidelines: 4.3 Purchase Price Limitation
      • Lender Guideline: 8.2 Change in Purchase Price
      • Lender Guidelines: 2.6 Residency Requirements
      • Lender Guidelines: 5.1 General Mortgage Underwriting
      • Lender Guidelines: 2.2 Income Limitation
      • Lender Guidelines: 2.1 Eligible Borrowers
      • Lender Guidelines: 2.3 First-Time Home Buyer Requirement
      • Lender Guidelines: 2.4 New Mortgage Requirement/No Refinancing
      • Lender Guidelines: 2.5 Principal Residence Requirement
      • Lender Guidelines: 2.7 Home Buyer Education
      • Lender Guidelines: 3.1 Types of Loans
      • Lender Guidelines: 3.2 Purpose of Loan
      • Lender Guidelines: 3.3 Assistance Options - Non-bond DPA (with or without MCC), Bond DPA or MCC Only
      • Lender Guidelines: 3.4 Using Additional Subsidy Programs
      • Lender Guidelines: 3.5 Mortgage Subsidy Recapture Tax
      • Lender Guidelines: 4.1 Eligible Loan Area
      • Lender Guidelines: 4.2 Qualifying Residences and Mortgage Loans
      • Lender Guidelines: 5.2 Cosigners and Non-Occupant Co-Borrowers
      • Lender Guidelines: 6.1 Program Fees
      • Lender Guidelines: 6.3 Fees and Charges on Closing Disclosure
      • Lender Guidelines: 7.1 Lender Portal
      • Lender Guidelines: 7.3 Electronic Submission of Required Documents
      • Lender Guidelines: 8.1 Changes in Current Income
      • Lender Guidelines: 8.3 Changes in Property Address
      • Lender Guidelines: 8.4 Change in Loan Amount
      • Lender Guidelines: 8.5 Lender's Obligation to Notify TSAHC of Material Changes
      • Lender Guidelines: 9.1 Cancellation and Commitment Expirations
      • Lender Guidelines: 9.2 Delinquent Closing Documentation
      • Lender Guidelines: 9.3 Penalties for Borrower Misrepresentation
      • Lender Guidelines: 9.4 Revocations of MCC
      • Lender Guidelines: 9.6 Replacement MCCs
      • Lender Guidelines: 10.1 Lender Record Keeping and Federal Report Filing
      • Lender Guidelines: 10.2 TSAHC Reports
      • Lender Guidelines: Appendix- Income Guidelines for Borrowers Receiving Bond DPA or MCC
      • Lender Guidelines: 1.1 General Information
    • Home Buyer Education 6 Articles
      • Lender Guidelines: 2.7 Home Buyer Education
      • Home Buyer FAQ: Am I Ready to Buy a Home?
      • Home Buyer FAQ: What is the Difference Between Closing Costs and the Required Down Payment?
      • Home Buyer FAQ: What is Mortgage Insurance and When is It Required?
      • Home Buyer FAQ: Will Inquiries about my Credit Affect my Credit Score?
      • Home Buyer FAQ: What Is Debt to Income (DTI)?
    • Lender Training 6 Articles
      • Lender FAQ: How to Interpret TSAHC Program Income and Purchase Price Limits
      • Lender FAQ: How to Access and Run TSAHC Program Reports for Loans in your Pipeline
      • Lender FAQ: How to Pull Loan Documents from the Lender Portal
      • Lender FAQ: How to Upload Compliance Documents in the Lender Portal
      • Lender FAQ: How Do I Check my Loan Status in the Lender Portal?
      • Lender FAQ: How do I take TSAHC's Lender Training?
    • Lender Portal 6 Articles
      • Lender FAQ: How to Access and Run TSAHC Program Reports for Loans in your Pipeline
      • Lender FAQ: How to Pull Loan Documents from the Lender Portal
      • Lender FAQ: How to Upload Compliance Documents in the Lender Portal
      • Lender FAQ: How Do I Check my Loan Status in the Lender Portal?
      • Lender FAQ: How to Make a New Reservation
      • Lender FAQ: How do I get updated or new login credentials to the Lender Portal?
    • Lender FAQ: Are DACA recipients eligible for TSAHC's programs?
    • Lender Guidelines: 6.2 Lender Compensation
    • Lender Guidelines: 7.2 Reservation, Compliance and Closing Steps
    • Lender Guidelines: 4.4 Targeted Areas
    • Lender Guidelines: 9.5 Reissued MCCs
    • Lender FAQ: How to Interpret TSAHC Program Income and Purchase Price Limits
    • Lender FAQ: How to Access and Run TSAHC Program Reports for Loans in your Pipeline
    • Lender FAQ: How to Pull Loan Documents from the Lender Portal
    • Lender FAQ: How to Upload Compliance Documents in the Lender Portal
    • Lender FAQ: How Do I Check my Loan Status in the Lender Portal?
    • Lender FAQ: How to Make a New Reservation
    • Lender Guidelines: 4.3 Purchase Price Limitation
    • Lender Guideline: 8.2 Change in Purchase Price
    • Lender Guidelines: 2.6 Residency Requirements
    • What is Down Payment Assistance or DPA?
    • How Do I Know if Down Payment Assistance is Right for Me?
    • How Does TSAHC Help People Buy Homes? FAQs about TSAHC's DPA and MCC Programs.
    • Lender Guidelines: 5.1 General Mortgage Underwriting
    • Lender Guidelines: 2.2 Income Limitation
    • Lender Guidelines: 2.1 Eligible Borrowers
    • Lender Guidelines: 2.3 First-Time Home Buyer Requirement
    • Lender Guidelines: 2.4 New Mortgage Requirement/No Refinancing
    • Lender Guidelines: 2.7 Home Buyer Education
    • Lender Guidelines: 3.1 Types of Loans
    • Lender Guidelines: 3.3 Assistance Options - Non-bond DPA (with or without MCC), Bond DPA or MCC Only
    • Lender Guidelines: 3.4 Using Additional Subsidy Programs
    • Lender Guidelines: 3.5 Mortgage Subsidy Recapture Tax
    • Lender Guidelines: 4.1 Eligible Loan Area
    • Lender Guidelines: 4.2 Qualifying Residences and Mortgage Loans
    • Lender Guidelines: 5.2 Cosigners and Non-Occupant Co-Borrowers
    • Lender Guidelines: 6.1 Program Fees
    • Lender Guidelines: 6.3 Fees and Charges on Closing Disclosure
    • Lender Guidelines: 7.1 Lender Portal
    • Lender Guidelines: 7.3 Electronic Submission of Required Documents
    • Lender Guidelines: 8.1 Changes in Current Income
    • Lender Guidelines: 8.3 Changes in Property Address
    • Lender Guidelines: 8.4 Change in Loan Amount
    • Lender Guidelines: 8.5 Lender's Obligation to Notify TSAHC of Material Changes
    • Lender Guidelines: 9.1 Cancellation and Commitment Expirations
    • Lender Guidelines: 9.2 Delinquent Closing Documentation
    • Lender Guidelines: 9.3 Penalties for Borrower Misrepresentation
    • Lender Guidelines: 9.4 Revocations of MCC
    • Lender Guidelines: 9.6 Replacement MCCs
    • Lender Guidelines: 10.2 TSAHC Reports
    • Lender Guidelines: Appendix- Income Guidelines for Borrowers Receiving Bond DPA or MCC
    • Home Buyer FAQ: What is the definition of a first-time home buyer?
    • Home Buyer FAQ: How can I compare all TSAHC’s down payment assistance options?
    • Lender FAQ: What is the difference between a tax credit and a tax deduction?
    • Lender/Realtor FAQ: What does someone using the Homes for Texas Heroes Program receive over someone using the Home Sweet Texas Program?
    • Lender Guidelines: 1.1 General Information
    • Home Buyer FAQ: What is the Difference Between Closing Costs and the Required Down Payment?
    • Lender FAQ: My file in the Lender Portal is incomplete – How do I clear conditions/exceptions?
    • Lender/Realtor FAQ: Is the Non-Bond DPA and/or MCC program ‘Homes for Texas Heroes’ or ‘Home Sweet Texas’?
    • Lender/Realtor FAQ: Where can I find marketing materials to advertise myself and TSAHC’s programs?
    • Lender FAQ: How do I get updated or new login credentials to the Lender Portal?
    • Lender FAQ: How do I take TSAHC's Lender Training?
    • Lender FAQ: How do I sign up to become an approved lender?
  • REALTORS 38 Articles

    • Lender FAQ: Are DACA recipients eligible for TSAHC's programs?
    • Home Buyer FAQ: What is a Targeted Area?
    • How Do I Obtain a Copy of the Mortgage Credit Certificate?
    • Home Buyer FAQ: What if I Refinance My Loan? Can I Keep My Mortgage Credit Certificate?
    • Home Buyer FAQ: Who is Eligible for TSAHC’s Homeownership Programs?
    • What is Down Payment Assistance or DPA?
    • How Do I Know if Down Payment Assistance is Right for Me?
    • Home Buyer FAQ: How Do I Apply for a Mortgage Credit Certificate from TSAHC?
    • How Does TSAHC Help People Buy Homes? FAQs about TSAHC's DPA and MCC Programs.
    • Which Down Payment Assistance Type is Best for Me?
    • Home Buyer FAQ: How Do I Apply for TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: Are there Credit and Debt Requirements?
    • Home Buyer FAQ: Do we have to use a TSAHC approved lender to apply for the assistance?
    • Home Buyer FAQ: What are the Eligibility Requirements for the DPA and MCC Programs?
    • Home Buyer FAQ: I Have a Mortgage Credit Certificate. What Happens if I Sell My Home or Move?
    • Home Buyer FAQ: How Long Does It Take to Buy a Home Using TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: Can I Buy a Rental Home or Vacation Home Using TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: When Can I Lock My Interest Rate?
    • Home Buyer FAQ: Can I Combine a Mortgage Credit Certificate with TSAHC’s Down Payment Assistance?
    • Home Buyer FAQ: What if My Income Increases? Am I still Eligible for a Mortgage Credit Certificate?
    • Home Buyer FAQ: What is the definition of a first-time home buyer?
    • Home Buyer FAQ: How can I compare all TSAHC’s down payment assistance options?
    • Lender/Realtor FAQ: What does someone using the Homes for Texas Heroes Program receive over someone using the Home Sweet Texas Program?
    • Home Buyer FAQ: What Types of Assistance Does TSAHC Offer?
    • Home Buyer FAQ: Do I Have to Pay Back the Down Payment Assistance Provided by TSAHC?
    • Home Buyer FAQ: What are the Qualifications for the Homes for Texas Heroes Home Loan Program?
    • Home Buyer FAQ: Where Can I Buy a Home Using TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: How Do I Find a Home Buyer Education Course?
    • Home Buyer FAQ: How Do I Find an Approved Lender in My Area?
    • Home Buyer FAQ: What is a Mortgage Credit Certificate?
    • Home Buyer FAQ: What Are TSAHC’s Homeownership Program Fees?
    • Home Buyer FAQ: What Type of Home Can I Buy with TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: Is a Gift an Acceptable Source of my Down Payment?
    • Home Buyer FAQ: What Are the Benefits of TSAHC’s Forgivable Second Lien DPA?
    • Home Buyer FAQ: If I Have a Mortgage Credit Certificate, Can I Still Take the Mortgage Interest Tax Deduction on My Tax Return?
    • Home Buyer FAQ: How Will My Income Be Calculated to Determine My Eligibility for a Mortgage Credit Certificate?
    • Home Buyer FAQ: What are the Income Requirements?
    • Lender/Realtor FAQ: Where can I find marketing materials to advertise myself and TSAHC’s programs?
  • Home Buyers 42 Articles

    • Lender FAQ: Are DACA recipients eligible for TSAHC's programs?
    • Home Buyer FAQ: What is a Targeted Area?
    • How Do I Obtain a Copy of the Mortgage Credit Certificate?
    • Home Buyer FAQ: What if I Refinance My Loan? Can I Keep My Mortgage Credit Certificate?
    • Home Buyer FAQ: Who is Eligible for TSAHC’s Homeownership Programs?
    • What is Down Payment Assistance or DPA?
    • How Do I Know if Down Payment Assistance is Right for Me?
    • Home Buyer FAQ: How Do I Apply for a Mortgage Credit Certificate from TSAHC?
    • How Does TSAHC Help People Buy Homes? FAQs about TSAHC's DPA and MCC Programs.
    • Which Down Payment Assistance Type is Best for Me?
    • Home Buyer FAQ: How Do I Apply for TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: Are there Credit and Debt Requirements?
    • Home Buyer FAQ: Can you apply for TSAHC's DPA and MCC programs even if you are out of state (or just moved to Texas)?
    • Home Buyer FAQ: Do we have to use a TSAHC approved lender to apply for the assistance?
    • Home Buyer FAQ: What are the Eligibility Requirements for the DPA and MCC Programs?
    • Home Buyer FAQ: I Have a Mortgage Credit Certificate. What Happens if I Sell My Home or Move?
    • Home Buyer FAQ: How Long Does It Take to Buy a Home Using TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: Can I Buy a Rental Home or Vacation Home Using TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: When Can I Lock My Interest Rate?
    • Home Buyer FAQ: Can I Combine a Mortgage Credit Certificate with TSAHC’s Down Payment Assistance?
    • Home Buyer FAQ: What if My Income Increases? Am I still Eligible for a Mortgage Credit Certificate?
    • Home Buyer FAQ: How can I compare all TSAHC’s down payment assistance options?
    • Lender/Realtor FAQ: What does someone using the Homes for Texas Heroes Program receive over someone using the Home Sweet Texas Program?
    • Home Buyer FAQ: What Types of Assistance Does TSAHC Offer?
    • Home Buyer FAQ: Do I Have to Pay Back the Down Payment Assistance Provided by TSAHC?
    • Home Buyer FAQ: What are the Qualifications for the Homes for Texas Heroes Home Loan Program?
    • Home Buyer FAQ: Where Can I Buy a Home Using TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: Am I Ready to Buy a Home?
    • Home Buyer FAQ: How Do I Find a Home Buyer Education Course?
    • Home Buyer FAQ: How Do I Find an Approved Lender in My Area?
    • Home Buyer FAQ: What is a Mortgage Credit Certificate?
    • Home Buyer FAQ: What Are TSAHC’s Homeownership Program Fees?
    • Home Buyer FAQ: What Type of Home Can I Buy with TSAHC’s Homeownership Programs?
    • Home Buyer FAQ: What is the Difference Between Closing Costs and the Required Down Payment?
    • Home Buyer FAQ: What is Mortgage Insurance and When is It Required?
    • Home Buyer FAQ: Is a Gift an Acceptable Source of my Down Payment?
    • Home Buyer FAQ: Will Inquiries about my Credit Affect my Credit Score?
    • Home Buyer FAQ: What Are the Benefits of TSAHC’s Forgivable Second Lien DPA?
    • Home Buyer FAQ: If I Have a Mortgage Credit Certificate, Can I Still Take the Mortgage Interest Tax Deduction on My Tax Return?
    • Home Buyer FAQ: What Is Debt to Income (DTI)?
    • Home Buyer FAQ: How Will My Income Be Calculated to Determine My Eligibility for a Mortgage Credit Certificate?
    • Home Buyer FAQ: What are the Income Requirements?

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Home Buyer FAQ: What Type of Home Can I Buy with TSAHC’s Homeownership Programs?

  • Date updated 2020-12-07
  • Rating
  • Categories
  • DPA
  • MCC
  • REALTORS
  • Home Buyers

Home Buyer FAQ: What Type of Home Can I Buy with TSAHC’s Homeownership Programs?

You may purchase the following property types if using TSAHC Down Payment Assistance (DPA) alone, OR combining TSAHC’s DPA with a Mortgage Credit Certificate.

 

FHA/USDA/VA Loans-

  • New or existing homes
  • Unit in a condo, townhome, or PUD
  • An entire duplex, triplex, or fourplex (one unit must be owner-occupied)
  • Manufactured homes (FHA/USDA only)

 

Conventional Loan-

  • New or existing homes
  • Unit in a condo, townhome or PUD
  • An entire duplex, triplex, or fourplex (must put down 5% or more and one unit must be owner-occupied)

I

f using the Mortgage Credit Certificate (MCC) Program alone, you may purchase the following property types:

  • New or existing homes
  • Unit in a condo, townhome, or PUD
  • An entire duplex, triplex, or fourplex (one unit must be owner-occupied)

 

 

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  • Lender Guidelines: 3.3 Assistance Options - Non-bond DPA (with or without MCC), Bond DPA or MCC Only
    • 7561
    • 49
  • Lender Guidelines: 3.4 Using Additional Subsidy Programs
    • 3635
    • 60
  • Lender Guidelines: 4.1 Eligible Loan Area
    • 3574
    • 0
  • Home Buyer FAQ: What Type of Home Can I Buy with TSAHC’s Homeownership Programs?
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