The Texas Department of Housing and Community Affairs (TDHCA) offers several programs to assist homebuyers in Texas, including those in Harris County. Below are some notable programs and their financial offerings:

1. My First Texas Home (MFTH):

• Assistance Amount: Up to 5% of the loan amount for down payment and closing cost assistance.
• Program Features:
  • 30-year fixed-rate mortgage with low interest rates.
  • Designed for first-time homebuyers and veterans.
• Eligibility Criteria:
  • Must meet income and purchase price limits.
  • Minimum credit score of 620.
  • Completion of a homebuyer education course.
• More Information: citeturn0search0

2. My Choice Texas Home (MCTH):

• Assistance Amount: Up to 5% of the loan amount for down payment and closing cost assistance.
• Program Features:
  • 30-year fixed-rate mortgage.
  • Available to both first-time and repeat homebuyers.
• Eligibility Criteria:
  • Must meet income and purchase price limits.
  • Minimum credit score of 620.
  • Completion of a homebuyer education course.
• More Information: citeturn0search0

3. Homebuyer Assistance with New Construction (HANC) Program:

• Assistance Amount: Varies based on the project and borrower qualifications.
• Program Features:
  • Provides mortgage financing for acquiring and constructing site-built homes or placement of new manufactured housing units.
  • Funds are offered as fixed-rate loans with terms ranging from 15 to 30 years, and interest rates can be as low as 0%.
• Eligibility Criteria:
  • Household income not exceeding 80% of the Area Median Family Income (AMFI).
  • The property must serve as the principal residence.
• More Information: This is a short list, Ask for more loacal programs in the county you are interested in!