Down Payment Assistance
Put a Texas-Sized Down Payment on Your Dream Home
What is Down Payment Assistance?
Down payment assistance (DPA) programs provide financial assistance to homebuyers who need help covering the down payment and closing costs on a home purchase. These programs can make homeownership more accessible, especially for first-time buyers or those with lower incomes.
Down Payment Assistance
Discover how down payment assistance programs can help you achieve your homeownership goals in Texas. Learn about the benefits, eligibility requirements, and popular programs available.
Benefits of Down Payment Assistance
- Lower Down Payment: Reduce your out-of-pocket costs and make homeownership more affordable.
- Increased Buying Power: Purchase a larger home or in a more desirable neighborhood.
- Faster Homeownership: Get into your new home sooner.
- Potential Tax Benefits: Some DPA programs may offer tax advantages.
Popular Down Payment Assistance Programs in Texas:
- The National Homeownership Fund: Offers up to 4% assistance on conventional loans.
- Chenoa Fund: Provides up to 5% assistance on FHA loans.
- MaxOne: Allows you to buy a home with 100% financing.
Down Payment Assistance - Q&A’s
- Who is eligible for down payment assistance?
- Eligibility requirements vary by program, but typically include income limits and first-time homebuyer status.
- How much assistance can I receive?
- The amount of assistance available depends on the program and your specific circumstances.
- Do I need to repay the assistance?
- Some programs offer grants that do not need to be repaid, while others may require you to repay a portion or all of the assistance.
- How do I apply for down payment assistance?
- Contact your local housing finance agency or search online for programs in your area.
- Can I combine down payment assistance with other programs?
- It may be possible to combine down payment assistance with other homebuyer programs, but this depends on the specific programs involved.
Why Choose Texas Lending Solutions?
At Texas Lending Solutions, we pride ourselves on offering a seamless mortgage process with expert guidance at every step. Our team of dedicated professionals will work with you to find the best loan option, ensuring you get the keys to your new home with confidence.
Why Choose Texas Lending Solutions?
- Personalized Service: We take the time to understand your unique financial situation, so we can recommend the best mortgage options for your needs.
- Quick and Easy Approvals: Our streamlined process ensures a fast approval, so you can move forward with your home purchase without delays.
- Local Expertise: As a Texas-based lender, we know the local market and can provide insights that national lenders can’t match.
Ready to explore your options? Contact Texas Lending Solutions today to learn more about our conventional loan programs and take the first step toward owning your Texas home.
Building Trust, One Loan at a Time
Shella was nothing short of amazing! Each and every employee at Texas Lending Solutions went above and beyond for the entire loan process! We looked at the home on March 2nd and we closed on March 28th! We hadn’t even been pre-approved or anything. How’s that for a fast turn around? Any questions we had, their staff didn’t hesitate to respond to, or find someone who could. What an awesome home buying experience!
MEAGHAN B.
Dallas
Paul reached out to me when the rates were really low. We had spoken a few years ago when I bought this home with a 30-year mortgage. He found a way I could get a new 20-year mortgage which effectively eliminated 8 years of payments! Paul is a professional who knows his stuff. His team are thoughtful and amazing. I highly suggest using Texas Lending Solutions for your new home or refinancing needs.
JENNIFER H.
Houston
I am a first-time home buyer and was very unsure of how the process of buying a house would be but Jimmy is very knowledgeable and answered any questions I had. He is very kind and understanding which gave me confidence in buying a house. I am so lucky that I was able to work with Jimmy and I highly recommend him thank you so much, Jimmy for giving me a great experience.
MARISELA H
Austin
Ready to Get Started?
Our team of mortgage experts is here to guide you through the pre-approval process and answer any questions you may have. Contact us today to schedule a consultation and take the next step towards owning your dream home.