TEXAS STATEWIDE DPA

Texas Statewide DPA

Down Payment Assistance

 

Dream Maker Program

Dream Maker Mortgage Dallas, TexasThe Dream Makers Grant Program provides first-time military homebuyers of modest means with the financing needed to make their down payment. Potential homebuyers do not have to be a member of the Pentagon Federal Credit Union to receive benefits from the Dream Makers. Below you will find answers to the most common questions regarding the Dream Makers Grant Program.
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Federal Home Loan Bank – Affordable Housing Program (FHLB AHP)

AHP Affordable Housing ProgramThe Affordable Housing Program (AHP) was created to assist member institutions in providing very-low to moderate-income families and individuals with affordable, owner-occupied and rental housing. AHP supplies direct grants and subsidized loans to help their members meet their community’s affordable housing needs. The program has been assisting household since 1990 and has contributed more than $213 million in grants for nearly 40,000 households.
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Federal Home Loan Bank – Community Investment Program

Down Payment Assistance - Federal Home Loan Bank Community Investment Program (FHLB CIP)In order to aid members of the community, the Community Investment Program provides favorably priced loans to assist in financing homes for individuals in the area. The programs funds are available for housing-related programs aimed at families or individuals earning up to 115 percent of that particular area’s median income.
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NeighborWorks America Programs

Down Payment Assistance - NeighborWorks America ProgramsIn order to ensure successful and sustainable homeownership in every state, National Homeownership Programs offer a wide array of strategies to people of modest means. The current foreclosure crisis has made it apparent that successful, sustainable homeownership starts with well-informed consumers who have the resources, ability and options to make smart choices about purchasing a home, mortgage products and the overall maintenance of a home. The NeighborWorks America Programs offer several strategies including the following:
  1. Affordability Assistance
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  3. Pre-purchase Education
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  5. Post-purchase Education
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  7. Loan Origination and Brokering
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  9. Foreclosure Intervention and Solutions...

Texas Department of Housing and Community Affairs - MCC Program

MCC Texas Certifiate DPAA Mortgage Credit Certificate permits the homebuyer to claim a tax credit for a portion of the mortgage interest paid per year. Therefore, a Mortgage Credit Certificate is a dollar for dollar reduction against a homebuyer’s federal tax liability. It is important to note that the Mortgage Interest Credit (MCC) is indeed a non-refundable tax credit, which means the homebuyer MUST have tax liability in order to benefit from this program.
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Texas Neighborhood Stabilization Program

Texas Neighborhood Stabilization Program - New American Funding DPAThe Texas Department of Housing and Community Affairs (TDHCA) has designed a first-time homebuyer program that will release $500 million in funding to Texas first-time homebuyers. This program was developed to assist low to moderate income individuals and families who are looking to purchase their first home.
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TDHCA 77 BOND

Down Payment Assistance - TDHCA Texas First Time Homebuyer ProgramThe Texas Department of Housing and Community Affairs (TDHCA) has designed a first-time homebuyer program that will release $500 million in funding to Texas first-time homebuyers. This program was developed to assist low to moderate income individuals and families who are looking to purchase their first home.
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Texas Veterans Land Board

Veterans Housing Assistance Program - Down Payment AssistanceThe Texas Veterans Land Board created the Veterans Housing Assistance Program in 1983 to support our veterans in purchasing a home. The Veterans Housing Assistance Program provides qualified, Texas veterans with an unbeatable, low-interest, no down payment required mortgage so they too can have the opportunity to live the American dream and purchase a home.
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TSAHC 2009A

The Texas State Affordable Housing CorporationThe Texas State Affordable Housing Corporation is now offering a lower interest rate of 4.99 percent for those who qualify for the corporation’s Single Family Mortgage Revenue Bond Program Series 2009A. The TSAHC didn’t stop with the all-new, lower interest rate. They are also offering, in addition to the 4.99 percent rate, a grant of 3 percent of the loan amount to assist with the down payment and closing cost.
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TSAHC Mortgage Credit Certificate

Down Payment Assistance - Mortgage Credit CertificateUnder the TSAHC Mortgage Credit Certificate Program, qualified homebuyers are permitted to take a portion of the annual interest they have paid on their mortgage as a tax credit each year they remain in their home. Qualified homebuyers can receive 35 percent of the total amount paid in interest that year, but may not receive more than $2,000. They must use the home as their primary residence. All in all, the TSAHC MCC Program has the potential to save homebuyers thousands of dollars over the duration of their mortgage.
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