Make Homeownership in Texas Possible with the Right Support
Buying your first home is one of the most exciting financial milestones in life — but for many Texans, coming up with the down payment is the hardest part.
At First Nation Financial Corp, we specialize in helping homebuyers across Texas access low down payment mortgage options and down payment assistance programs (DPA) that make homeownership achievable, even if your savings or credit score aren’t perfect.
Whether you’re in Houston, Dallas, or San Antonio, understanding what down payment assistance is — and how it can help you — could be the key to turning your dream of owning a home into reality.
What Is a Down Payment and Why Does It Matter?
A down payment is the initial amount you pay upfront when purchasing a home. It’s usually expressed as a percentage of the home’s price For example: If you’re buying a $300,000 home and your loan program requires a 3.5% down payment, you’ll need to contribute $10,500 at closing.
That might sound like a lot, but here’s the good news, with the right assistance programs, you might not have to cover the full amount out of pocket. In fact, many Texas homebuyers qualify for grants, low-interest loans, or forgivable second liens that cover part (or even all) of their down payment.
What Is Down Payment Assistance (DPA)?
Down Payment Assistance (DPA) programs are designed to help qualified homebuyers cover the upfront costs of purchasing a home — typically the down payment and closing costs.
At First Nation Financial Corp, we guide buyers through DPA options that can come in different forms:
- Grants: These are funds you don’t have to pay back. They’re essentially free money for eligible homebuyers.
- Forgivable Loans: Often structured as deferred second liens, these loans may be forgiven after a certain number of years if you stay in your home.
- Low-Interest Loans: Some programs offer repayable DPA loans at low or no interest, helping you spread the cost over time.
These programs are especially valuable for first-time buyers, veterans, and essential workers who might have stable income but limited savings.
Who Qualifies for Down Payment Assistance in Texas?
Qualification requirements vary depending on the program, but most DPA programs in Texas consider the following factors:
- Credit Score: Many programs require a minimum score of 620 (some FHA programs accept 580).
- Income Limits: Your income must generally fall within a certain range relative to the area’s median income.
- Occupancy: You must live in the home as your primary residence.
- First-Time Buyer Status: Some programs are specifically for first-time homebuyers (meaning you haven’t owned a home in the past three years).
If you’re unsure where you stand, First Nation Financial Corp can assess your eligibility quickly — no paperwork, no confusion.
Top Down Payment Assistance Programs in Texas (2025)
Here are some of the most popular Texas-based DPA options that First Nation Financial Corp can help you explore:
1. Texas State Affordable Housing Corporation (TSAHC)
Offers the Homes for Texas Heroes and Home Sweet Texas loan programs.
- Minimum credit score: 620
- Assistance available as grant or forgivable loan
- For teachers, first responders, veterans, and more
2. Texas Department of Housing and Community Affairs (TDHCA)
Provides the My First Texas Home Program and My Choice Texas Home Program, which offer up to 5% of the loan amount toward your down payment and closing costs.
3. Local City Programs
Cities like Houston, Dallas, and Austin have their own assistance funds for qualifying residents. For example:
- Houston Homebuyer Assistance Program – up to $50,000 in aid for low- to moderate-income buyers.
At First Nation Financial Corp, we’ll connect you to the best available option based on your city, loan type, and financial profile.
How Much Can You Really Put Down?
Depending on your credit score and loan type, your down payment can be much lower than you think. For instance:
- FHA loans allow down payments as low as 3.5%.
- VA and USDA loans may require 0% down for eligible borrowers.
- Conventional loans can start at just 3% down with certain programs.
And here’s the best part — First Nation Financial Corp helps you combine DPA funds with low down payment mortgage programs, meaning your total out-of-pocket cost could drop to nearly 1% of your home’s price.
Why Work with First Nation Financial Corp?
While state and city programs exist, navigating them can be confusing. That’s where we come in First Nation Financial Corp simplifies the process by:
- Matching you with the right loan and DPA combination
- Offering guidance from application to approval
- Helping you qualify even with lower credit scores
- Connecting you with down payment assistance and seller concession options
Our mission is simple: to make homeownership possible for more Texans through affordable, personalized mortgage solutions.
The Long-Term Benefits of Buying with Assistance
When you own your home, you’re not just paying for shelter — you’re investing in your financial future.
Here’s how buying (with assistance) pays off:
- Builds equity instead of paying rent
- Locks in housing costs and protects you from rent increases
- Offers tax benefits through mortgage interest deductions
- Creates long-term wealth and stability for your family
Even if you think you can’t afford to buy yet, the right down payment program could make homeownership possible much sooner than you expect.
Ready to Get Started?
If you’re thinking about buying a home in Texas, whether you’re a first-time buyer or looking to upgrade your living situation, now is the time to explore your options. Take the first step toward owning your home with First Nation Financial Corp today.
👉 Call Josh for personalized guidance
👉 Ask about down payment assistance, seller concessions, and low credit loan options
At First Nation Financial, we don’t just push paperwork, we partner with you, guide you step by step, and help you understand exactly what you need to do to qualify. We believe in second chances, creative solutions, and turning “not yet” into “let’s do this.”
So if you’ve been waiting until everything’s “perfect,” here’s your sign: it doesn’t have to be. What you need is someone who understands where you’re coming from and knows how to get you where you want to go.
Book a free consultation Send us a message
Let’s turn your hard work into homeownership.
