At the Texas State Affordable Housing Corporation (TSAHC), we help Texans buy a home for themselves and their families. We are a nonprofit organization that was created by the Texas Legislature to help Texans achieve their dream of homeownership. Our Homes for Texas Heroes Program offers home loans and down payment assistance for public school teachers and other educators who work for a public school district.
Teacher Home Buying Programs Texas
If you are buying your first home, you can also apply for a mortgage interest tax credit known as a Mortgage Credit Certificate (MCC). To qualify, you must meet certain income requirements and the home must meet certain sales price restrictions. The Eligibility Quiz will also help you determine if you qualify for an MCC.
FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!
If you are a teacher or school employee looking to buy a home, you are in luck. With a Gulf Coast Educators FCU Educator Mortgage, you can finance your new home up to 103%, with no down payment or PMI required. To see if this conventional mortgage loan is the right fit for you, check out the qualifications below.
Have questions about our mortgages or the home buying process? We can help! Whether you are a first time home buyer or looking to refinance your current mortgage, our home loan experts can help answer any questions you have.
As an example, the California Housing Finance Association (CalHFA) provides a lineup of resources including grant programs, home loans for teachers with flexible guidelines and credit score requirements, first mortgage loans, and homebuyer education courses.
LAMPLIGHTERONE is a provider of the teacher home-buying program. It is open to school district and university employees as well as their retirees, that offers special incentives and out-of-pocket savings when buying a home. It is available to teachers and school staffs who register with LAMPLIGHTERONE.
We offer a 5% down payment assistance grant program TSAHC (Texas State Affordable Housing Corporation) for professional educators who meet income guidlelines, or a tax credit program MCC (Mortgage Certificate program) that will refund you up to $2,000 a year for as long as you are paying interest on your home! These are programs offered by the State of Texas through a number of participating lenders. Please call us to determine your eligibility. Be sure to contact us to learn about additional new and exciting program assistance for first time homebuyers.
* Part-time employees are eligible if they can demonstrate that the educational institution has provided them with wages for a yearly position.
 Any home... Any home listed on the Multiple Listing Service (MLS) is available using LAMPLIGHTERONE, including foreclosures and HUD homes.
 Any area... You can buy a home in any area. For example, you can live outside your ISD boundaries and choose any location you wish.
 The right loan... We have offered a variety of loan programs for all buyers, the best rates, and superior service for more than 50 years.
 The best loan... Conventional, FHA, VA, or USDA, or whatever loan best fits your needs!
* Every Educator and Hero deserves to own the home they love!
They are the expenses associated with the transaction of buying a home. Some closing costs are: loan fees, title fees, survey, appraisal, attorney fees, couriers, transaction fees, etc. Taxes and homeowners insurance are paid at closing, and are loosely referred to as closing costs although the proper term is pre-paid expenses. These costs amount to several thousand dollars, depending on the price of the home. Both Seller and Buyer have closing costs.
When it comes to loan programs for homes, there are FHA, VA, or Conventional loans. The FHA loan is perfect for someone who will have a small down payment and need to finance 80% or more of the homes appraised value. VA Mortgages are available to any veteran who would also need to finance a larger portion (80% or more) of their future home. A conventional loan is just that, a loan that will follow Fannie Mae guidelines, and is not government-insured. Overall, through any of the loan programs, you can have a down payment that is as little as 3.5%.
If you are interested, qualifying for a loan is easy through Lending Tree. You start the process by getting your Free Quotes by filling out a simple questionnaire so that they can get an accurate depiction of what you are looking for. When filling out this information you will need to have the following handy: current credit score, down payment amount, cash reserves, household income, and your job history. Besides this information, they will ask you about your home buying process so far so that they can offer or recommend help to you in your area.
Both of these programs are available throughout the state of Texas with a variety of lenders, so the options are limitless! There are some income limits based on specific counties, but there are found in specific targeted areas, so just be sure to look into this before falling in love with a home.
When becoming a member of the Teacher Next Door family you are gaining an ally for your home buying experience. From the home search to inspections, to the closing paperwork they will provide you with guidance and confidence in your home buying process.
Benefits are endless with this home loan program. You will never see an application, up-front, or broker fee, and you can also get free benefits such as appraisals, home buyer representation, and access to home listings, and nationwide access to foreclosures. Besides personal assistance in the finding and buying process, you also can gain monetary benefits from The Teacher Next Door program. In certain regions of Texas, there are grants that are available for up to $4,170 to apply toward the purchase of your dream home. You can also take advantage of the Down Payment assistance, which again is based on region, but some regions will offer up to $10,681!
Last, but certainly not least, Educator Mortgage is committed to giving back to teachers who join this home loan program. They do this by giving up to a $400 donation to the school of your choice, and a specific program of your choice.
Hopefully, you have become more informed of all the money-saving opportunities you have as a Texas Teacher looking to buy your dream home! Keep all of these programs in mind as you move forward in the purchase of the perfect home!
The Down Payment Assistance Program can be used with other first time home buyer programs to help make homeownership possible for almost everyone. For additional information please refer to the Program Policy.
Schools cannot offer credit for completing any professional development teacher training programs for teachers who teach barber or cosmetology courses and TDLR will not award any credit for completing these courses.
The City of San Antonio (CoSA) Neighborhood & Housing Services Department (NHSD) offers homebuying assistance with two programs: First Responders Homebuyer Assistance Program (FRHAP) available to eligible CoSA uniformed firefighter and police employees. Also, the Homeownership Program for Employees (HOPE) offered to eligible CoSA civilian employees.
MOHCD helps SFUSD educators buy their first home in San Francisco. It provides $40,000 for a market-rate unit, or $20,000 for a below-market-rate unit. It is typically layered on top of other MOHCD loan programs, such as DALP or City Second if additional funding is needed.
Mortgage Loan Officers (MLO) or mortgage brokers who would like to become participating lenders for MOHCD's homeownership programs, including BMR DALP, City Second, DALP, MCC and TND must complete the required training and pay the required fee. Each individual MLO or mortgage broker must complete the training every year.
TDHCA works with communities, nonprofits, developers, the federal government and more to create and carry out programs that help people find the right home. It has programs for buyers, as well as renters, and programs for developers that encourage them to build affordable homes. Potential homebuyers must meet certain income and credit standards. Generally, they must be buying their first home to qualify for the Texas first-time homebuyer programs.
Buying or selling a home can be overwhelming. In addition to our consumer information page, we have provided more information to other organizations and agencies and we have listed below a list of helpful information and tools to help you in your home buying or selling process.
The VA first time home buyer program is an amazing guaranteed mortgage up to 100% of the purchase price from the Veteran's administration, and can really jump start your real estate portfolio as you embark on your military career. Whether you are buying, selling, or refinancing your home, the homes for hero program is here to serve you...The hero.
In today's real estate market, it can be easy to get sidetracked to buy or sell your home, without stopping and asking yourself, what am I entitled to. You may have thought because your a Physician's assistant, or a retired teacher, you have no benefits, but that simply is not true. We honor the HERO that is actively working or retired, reservist, if military.
Below I will be listing the 3 Definitive reasons why the program is the standard for buying, selling, or refinancing your home. I will be covering how to get started in the program, how it works, benefits, and cost saving features, and best of all, how easy it is, with our circle of giving approach.
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