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Unlock up to $25,000 for down payment and closing cost assistance for new construction purchases
Program benefits at a glance
- Down payment assistance – Receive up to $25,000 in down payment and closing cost assistance.
- 30-year term – Your monthly payments are spread out across 30 years to keep them affordable.
- Fixed interest rate – The interest rate never changes throughout the entire life of the loan.
- Minimum credit score – The credit score of everyone on your loan application must be at least 640. If you do not know your credit score, your lender can check for you. If your credit score does not meet the minimum requirement, you can work with a THDA-approved counselor to improve your score.
- Household income limits – See the full chart of income and purchase price limits.
- Sales price – Statewide purchase limit $500,000.
- Eligible properties – Site built, modular, and manufactured homes.