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Texas State Affordable Housing Corporation
Texas State Affordable Housing Corporation
www.tsahc.org

Program Overview


Texas State Affordable Housing Corporation is a 501(c)3 nonprofit organization. Our mission is to serve the housing needs of low-income Texans and other underserved populations who do not have comparable housing options through conventional financial channels.

TSAHC offers homeownership programs to specific individuals residing in Texas. Our Home Loan Programs provide a fixed interest rate on a 30-year FHA, VA or USDA loan to eligible homebuyers. In addition to a fixed interest rate, these programs offer down payment and closing cost assistance, up to 5% of the mortgage loan amount, in the form of a grant.

TSAHC can also provide an annual tax credit to qualifying first-time homebuyers through the issuance of a Mortgage Credit Certificate. With an MCC, the qualified homebuyer is eligible to take a portion of the annual interest paid on the mortgage as a special tax credit, up to $2,000, each year that they occupy the home as their principal residence. An MCC has the potential of saving the homebuyer thousands of dollars over the life of the loan and can be combined with our Home Loan Programs. TSAHC's homeownership programs are eligible to home buyers purchasing a home any where in Texas.


Who is eligible for this program?




Household Income Limit: $ 108780
Is this program for first-time buyers only? Yes


Property Eligibility Requirements


The sales price cannot exceed $ Purchase price limit varies by county.
Allowable property types: Single-family residences, qualified condominium developments, town homes, manufactured homes and planned unit developments.


Benefit Details


TSAHC's Home Loan Programs provide a fixed interest rate loan with down payment assistance provided in the form of a grant. Our programs provide a grant equal to 5% of the loan amount.

TSAHC's Mortgage Credit Certificate Program provides a home buyer with the ability to take an annual tax credit of up to $2,000. This credit can be taken every year the home buyer lives in the home, for the life of the loan. The MCC Program can be combined with our Home Loan Programs.

Benefit: A fixed interest rate loan with down payment and closing cost assistance and/or a mortgage credit certificate.
Loan Term:30 years
Homebuyer Counseling /
Education Required:
Yes
Owner Occupancy Required:Yes
Other Program Comments:Home buyers need to work with a TSAHC-approved lender. A complete list of approved lenders is available at http://www.tsahc.org/single/single_lenders_list.php.

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on row site. Some inaccuracies may exist. For verification contact a certified REALTOR member.



For more information about row and other homebuyer programs please contact one of the following:

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