In an effort to create responsible sustainable homeownership,The Texas Homebuyer Program does require the assistance provided to be repaid if the home is sold, refinanced or paid off. Is there a requirement to repay the assistance provided for down-payment / closing cost? Additional credit and underwriting guidelines may apply. Potential homebuyers must also meet program income guidelines and program purchase price limits. My Choice Texas Home is designed for someone who is a repeat homebuyer and needs access to our competitive interest rate home loan with down payment and closing cost assistance. The Texas Homebuyer Program is designed for first time homebuyers or homebuyers who have not owned a home as their primary residence within the past three years. Who is eligible for the homeownership programs? Mortgage Credit Certificates that provide the home buyer with a special federal income tax credit based on the interest paid on the mortgage loan.
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