first home buyer loan texas: essential steps to get started

What this loan can do for you

As a first-time buyer in Texas, a specialized mortgage can lower upfront costs, unlock down payment help, and make qualifying easier. Programs from the state and local agencies often pair with conventional, FHA, or VA financing to stretch your budget without stretching risk.

Popular funding paths

Texas State Affordable Housing Corporation and the Texas Department of Housing and Community Affairs provide grants or second-lien assistance that may be forgivable. Lenders also offer rate buydowns and reduced mortgage insurance for well-qualified borrowers.

Eligibility and next moves

Income caps, purchase price limits, and homebuyer education are common. Compare APR, not just rate, and confirm the recapture or repayment rules on any assistance.

• Check credit, debts, and reserve funds
• Get a fully underwritten preapproval
• Price homes within program limits
• Request seller credits to stack with aid
• Lock and float-down if available

Work with a lender who closes these loans often, and ask for a written estimate that itemizes fees, assistance terms, and timeline so surprises don't appear at closing.