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2021 Texas first-time homebuyer assistance programs


2021 Texas first-time homebuyer assistance programs
Bankrate
12/22/2020
© Stephanie A Sellers/Getty Images
Houston Heights neighbhorhood
Texas has long been an affordable state for homebuyers. As home values rise, the Lone Star state is still accessible to entry-level buyers. Even in the state’s hottest markets, like Austin, median home prices are still reasonable compared with many states, at around $350,000, according to third-quarter 2020 data from the Texas Quarterly Housing Report.
Despite affordable home prices, coming up with a down-payment or qualifying for a mortgage can still be challenging for many families.
The Texas Department of Housing and Community Affairs, or TDHCA, has several options for first-time homebuyers to overcome these hurdles. It s important to note that the people who have not owned a home in at least three years qualify as first-time homebuyers for TDHCA programs. ....

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