Affordable housing and you
The term affordable housing can mean many things. In Austin, for example, it could mean any single-family home that sells for under $200,000. In other areas of Texas, affordable housing might mean a $75,000 home.
Statewide, Texas REALTORS® help countless fellow Texans experience the benefits of homeownership, regardless of where you live or how much money you make. In addition, many Texas REALTORS® participate in specialized training to better equip themselves for helping first-time homebuyers.
Options abound for Texans who want to own their own home, but who might be strapped for cash or have yet to establish their credit. One is the Texas First Time Home Buyer Program, sponsored by the Texas Department of Housing & Community Affairs (TDHCA). It offers below-market mortgage interest rates for first-time buyers. TDHCA’s new Loan Star program offers special financing regardless of whether you’re a first-time buyer.
The Texas Veterans Land Board has a variety of attractive home-purchase programs for Texas military veterans and their spouses.
Links to these programs and others, can be found in Affordable housing programs available to you.
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