First Time Home Buyer Tax Credit

State Bond 79 is a Down Payment Assistance program that helps 1st Time Home Buyers with a 5% for Down payment or Closing costs.

My First Texas Home (TMP 79)

Effective October 2012, TDHCA announced the release of $600 million in homebuyer assistance — the largest amount ever offered by the state — through a new mortgage-backed securities initiative that provides qualifying borrowers a number of advantages over the Department’s previous single family bond program.

My First Home’s "Taxable Mortgage Program" (TMP-79) offers more competitive fixed interest and annual percentage rates while providing down payment and closing cost assistance of 5 percent of the mortgage loan.

Plus, TMP funds can be combined with the Department’s Mortgage Credit Certificate Program, further increasing the home’s affordability. The program features a number of other benefits homebuyers will find attractive; however, current eligibility guidelines still apply.

To verify the area median family income (AMFI) figure for your area of the state, please check the Maximum Income and Purchase Price Limits Table (PDF). To determine if downpayment assistance funds are available, please visit the Available Funds page.

All of this is available from the state agency synonymous with responsible homeownership. Beginning with its predecessor, the Housing Agency, TDHCA has a long track record as a safe, trustworthy source of homebuyer assistance with 32 years of experience and expertise in working with low to moderate income first time homebuyers.

To learn more about TDHCA’s TMP, its many benefits or to find a participating lender near you, please visit My First Texas Home or call 832-431-6331, Angelo Christian

For current available program funds please visit the Available Funds page.