My First Texas Home

What is My First Texas Home?

My First Texas Home is a deferred second loan for homebuyers in Statewide, Texas.

• My First Texas Home is TDHCA's flagship Mortgage Revenue Bond first-time-homebuyer program. It pairs a 30-year fixed-rate first mortgage with up to 5% DPA as a 0% second lien. Statewide availability with FTHB requirement waived in IRS target areas. Bond funding generally allows competitive rates relative to non-bond TBA pricing.
• TDHCA's My First Texas Home is a tax-exempt mortgage revenue bond program providing a competitive 30-year fixed-rate first mortgage (FHA, VA, USDA, or HFA-preferred conventional) paired with down payment and closing-cost assistance equal to up to 5% of the loan amount as a 0% interest second lien (deferred / forgivable per program guidance). Available statewide for first-time homebuyers (no homeownership in the prior 3 years) — the FTHB requirement is waived in IRS-designated target areas. Can be combined with the Texas Mortgage Credit Certificate (when offered) for additional federal tax savings.
• Funding comes from Tax-exempt Mortgage Revenue Bonds issued by TDHCA.

How much assistance does it provide?

My First Texas Home provides assistance worth 5% of the purchase price, as set by the program.

• Buyer contribution: No minimum borrower contribution required by TDHCA; product overlays may apply.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

My First Texas Home is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Due upon sale, refinance, payoff of first mortgage, or non-occupancy as primary residence.
• The assistance is recorded in 2nd Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

My First Texas Home is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

My First Texas Home limits household income to $187,320.

• 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.

What kind of home can it be used for?

My First Texas Home caps the purchase price at $928,431.

• Eligible property types include Single-family detached, townhomes, condos meeting agency approval, eligible PUDs, eligible manufactured homes (per IRS bond rules generally limited to 1-unit owner-occupied).
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

My First Texas Home names veterans, active-duty service members, reservists and National Guard members, surviving spouses, American Indian and Alaska Native buyers, educators, law enforcement officers, firefighters, healthcare workers, and buyers 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.

Where does it apply?

My First Texas Home serves buyers purchasing in Statewide, Texas.

• The program targets specific areas: IRS-designated qualified census tracts and areas of chronic economic distress in Texas. In target areas, FTHB requirement is waived and higher income/sales price limits apply. Verify property's status via TDHCA's targeted area lookup.

How do you apply?

Applications for My First Texas Home go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved or TDHCA-approved homebuyer education provider required (Texas Homebuyer U online course is commonly used).

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Lenders reserve via TDHCA's online lender portal on first-come, first-served basis, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.