Texas Nursing Faculty Down Payment Assistance

What is Texas Nursing Faculty Down Payment Assistance?

Texas Nursing Faculty Down Payment Assistance is a grant for homebuyers in Texas.

• TSAHC's Homes for Texas Heroes program includes nursing faculty and allied health faculty as eligible professions for down payment assistance of 2-5% of the loan amount. Assistance can be a non-repayable grant or a forgivable second lien (forgiven after 3 years of continued owner-occupancy). Minimum 620 credit score required.
• Down payment assistance grant or forgivable 2nd lien.
• 30-year fixed rate mortgage.
• Available to nursing and allied health faculty.
• MCC available for first-time buyers.
• Funding comes from State.

How much assistance does it provide?

Texas Nursing Faculty Down Payment Assistance provides assistance worth 5% of the purchase price, as set by the program.

• 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?

Texas Nursing Faculty Down Payment Assistance is structured as a grant, so it is not repaid.

• Repayment is triggered by Sale and Refinance.
• 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?

Texas Nursing Faculty Down Payment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Texas Nursing Faculty Down Payment Assistance sets its income limit as follows: Income limits vary by county; must meet TSAHC Homes for Texas Heroes income requirements.

• 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?

Texas Nursing Faculty Down Payment Assistance can be used for Single-family.

• New construction is eligible.

Is there eligibility for specific groups?

Texas Nursing Faculty Down Payment Assistance names educators and healthcare workers 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?

Texas Nursing Faculty Down Payment Assistance serves buyers purchasing anywhere in Texas.

• The program gives priority to designated target areas, so the address matters as well as the county.

How do you apply?

Applications for Texas Nursing Faculty Down Payment Assistance 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 before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider 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.