Texas State Affordable Housing Corporation (TSAHC) Homes for Texas Heroes
Texas State Affordable Housing Corporation (TSAHC) Homes for Texas Heroes
Program Category
Affordable First Mortgages
Max Amount
N/A
Agency Website
Contact Info
Email: homeownership@tsahc.org
Address:
6701 Shirley Avenue
Austin, TX 78752
Homebuyer Questions: 877-508-4611
General Questions: 888-638-3555
Phone: 512-477-3555
Address:
6701 Shirley Avenue
Austin, TX 78752
Homebuyer Questions: 877-508-4611
General Questions: 888-638-3555
Phone: 512-477-3555
Program Details
Buyer contribution type
Income calc method
Qualifying (1003) Income
First mortgage types
Freddie Mac HFA Advantage,Fannie Mae HFA Preferred,FHA 203(b),FHA 203(k),VA,USDA / RD
First mortgage terms
Fully Amortizing,Fixed Rate,30-year
Property types
Single Family Detached, Condo, Townhome/PUD, Manufactured Home
Repayment triggers
Loan Forgiveness
No
Program Guide
https://www.tsahc.org/public/upload/files/general/H4H_Who_is_Eligible_for_the_Program.pdfProgram Overview:
https://www.tsahc.org/homebuyers-renters/homes-for-texas-heroes-programEligibility Quiz:
https://www.tsahc.org/homebuyers-renters/take-the-eligibility-quizProgram Comparison Calculator:
https://www.tsahc.org/homebuyers-renters/loan-calculatorInformational Videos:
https://www.tsahc.org/homebuyers-renters/informational-videosProgram Overview:
https://www.tsahc.org/homebuyers-renters/homes-for-texas-heroes-programIncome/Purchase Price limits:
https://www.tsahc.org/public/upload/files/general/TSAHC_Combined_Income_Purchase_Price_Limits.pdfResource page:
https://www.tsahc.org/lenders/resources-for-lenders#Other_ResourcesDPA Guidelines:
https://www.tsahc.org/public/upload/files/general/TSAHC_DPA_MCC_Guidelines.pdfMarketing Resources:
https://www.tsahc.org/marketing-resourcesBecome an Approved Lender:
https://www.tsahc.org/lenders/become-an-approved-lenderLimitations
Conventional Standard MI coverage required when LTV is greater than 80% and income is greater than 80% of the Area Median Income.
Conventional financing cannot be combined with the TSAHC grant program.
Must meet agency, insurer and master servicer guidelines.
Conventional financing cannot be combined with the TSAHC grant program.
Must meet agency, insurer and master servicer guidelines.
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