What is TSAHC?

TSAHC, or the Texas State Affordable Housing Corporation, is a non-profit organization that aims to help Texans achieve their dreams of owning homes. This program provides various assistance to first-time and existing homebuyers, sellers, and even those looking to build new construction.

Who is this program for?

The TSAHC program is for anyone who is searching for affordable housing options in Texas. It is especially helpful for first-time homebuyers who may not have enough money for a down payment or closing costs. The program also helps existing homeowners who are struggling to make mortgage payments due to financial hardships.

How can new buyers and existing buyers benefit from this program?

New buyers can benefit from TSAHC's down payment assistance program, which provides up to 5% of the loan amount to use towards the down payment and closing costs. This program can help new buyers secure their dream home without having to worry about the initial costs. TSAHC also offers a mortgage credit certificate program that provides a tax credit to eligible buyers, reducing their federal income tax liability by up to $2,000 a year.

Existing buyers can benefit from TSAHC's home sweet program, which provides up to 5% of the loan amount to help homeowners refinance their mortgages at a lower interest rate. This program can potentially save homeowners thousands of dollars in interest payments over the life of their loan.

New construction Homes do qualify

For those looking to build new construction, TSAHC offers the Homes for Texas Heroes program, which provides a low-interest rate mortgage loan to eligible first responders, educators, and healthcare professionals. This program can help make homeownership more affordable for those who serve their communities every day.

In conclusion, TSAHC is a valuable resource for Texans looking to achieve the American dream of homeownership. Whether you're a first-time homebuyer, existing homeowner, or looking to build new construction, TSAHC provides various programs and assistance to make homeownership more accessible and affordable.