Home Sweet Texas Home Loan Program - Grant

Home Sweet Texas Home Loan Program - Grant is a grant for homebuyers in Statewide, Texas. Home Sweet Texas Home - Grant is the true-grant version of TSAHC's HSTH program. Up to 5% of the loan amount is provided as a non-repayable grant (no lien). Targets moderate/higher-income buyers; for lower-income buyers, the 3-year deferred forgivable 2nd lien option is available with lower income tiers and typically a lower first-mortgage rate. TSAHC's Home Sweet Texas Home - Grant option provides a 30-year fixed-rate first mortgage paired with down payment and closing-cost assistance up to 5% of the loan amount, structured as a TRUE GRANT - no lien recorded, no repayment, no occupancy term. Higher income limits than the forgivable 2nd lien option (designed for moderate/higher-income buyers). No first-time-homebuyer requirement. Borrowers may stack the Mortgage Credit Certificate (MCC) when offered. Funding comes from TSAHC TBA execution / capital markets; TSAHC is a 501(c)(3) self-sustaining state-chartered organization.

Home Sweet Texas Home Loan Program - Grant is structured as a grant, so it is not repaid. Repayment is triggered by None - grant is non-repayable and no lien recorded. The assistance is recorded in No Lien (Grant) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Home Sweet Texas Home Loan Program - Grant is open to homebuyers who will live in the home as their primary residence. On credit, the program states: 620 minimum FICO for FHA/VA/USDA; 640 for HFA-preferred conventional. A homebuyer education course is required, through TSAHC-approved homebuyer education required - online course provided through Texas Homebuyer U / TSAHC partner CHCs. Residency requirement: Property must be in Texas and occupied as primary residence. Citizenship or immigration status: U.S. citizen or qualified non-citizen per agency loan-product guidelines. Open to all qualifying buyers (no occupation restriction). 620 minimum FICO for Government loans, 640 for Conventional. Borrower must occupy as primary residence. Grant funds are non-repayable (no lien); the trade-off vs the 2nd-lien forgivable structure is typically a slightly higher first-mortgage rate. Designed for higher-income buyers (income range starts ~$123,500 4-person and tops $201,460).

Home Sweet Texas Home Loan Program - Grant limits household income to $201,460. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Home Sweet Texas Home Loan Program - Grant caps the purchase price as follows: No TSAHC-imposed sales-price cap (subject to FHA/VA/USDA county loan limits and conforming conventional limits). Eligible property types include Single-family detached, townhomes, condos meeting agency approval, eligible PUDs, eligible manufactured homes. New construction is eligible. Manufactured homes are eligible.

Home Sweet Texas Home Loan Program - Grant names veterans, active-duty service members, reservists and National Guard members, surviving spouses, American Indian and Alaska Native homebuyers, educators, law enforcement officers, firefighters, healthcare workers, and homebuyers with disabilities among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Home Sweet Texas Home Loan Program - Grant serves homebuyers purchasing in Statewide, Texas.

Applications for Home Sweet Texas Home Loan Program - Grant go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Lenders reserve via TSAHC's online lender portal (Lender Online). Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.