Teachers: Are You Eligible for TSAHC's Homes for Texas Heroes Program? Find Out!
If you're an educator in Texas, this article is your guide to determining your eligibility for the TSAHC program and taking your first step towards becoming a homeowner.
At New Horizons Lending, we're passionate about helping educators in Texas achieve their dream of homeownership through programs like the Texas State Affordable Housing Corporation (TSAHC)'s Homes for Texas Heroes Program.
If you're a dedicated educator working in a K-12 public school in Texas, this program might be the key to unlocking your path to homeownership. Let's explore whether you qualify for this fantastic opportunity.
Are You Eligible for TSAHC's Homes for Texas Heroes Program?
The Homes for Texas Heroes Program, administered by TSAHC, is designed to provide valuable assistance to educators like you, as well as other public servants, including police officers, firefighters, EMS personnel, county jailers, and correctional officers. However, for the purpose of this blog post, let's focus on educators.
What Makes You Eligible for This Program?
To qualify for TSAHC's Homes for Texas Heroes Program as an educator, you must meet the following criteria:
Current Employment: You must be currently employed in a K-12 public school in Texas. Your dedication to educating the next generation is a crucial factor.
Full-Time Role: Your position should be as a full-time teacher, teacher's aide, librarian, certified school counselor, or school nurse. Counselors may be required to verify state certification
But That's Not All...
While these criteria are essential, there are additional considerations:
Credit Score: To qualify, you should have a credit score of 620 or higher.
Income Requirements: You must also meet specific income requirements, which can vary depending on the program you choose.
How Can You Check Your Eligibility?
To determine your eligibility more accurately, we recommend completing TSAHC's online Eligibility Quiz. This quiz will ask you a few straightforward questions to assess which TSAHC home buying program aligns best with your circumstances. Additionally, you can contact us for personalized assistance and a fast response.
Don't be disheartened if you don't meet the criteria for the Homes for Texas Heroes Program. TSAHC also offers the Home Sweet Texas Home Program, designed to assist Texans who may not qualify under the Heroes program. We can help you determine which TSAHC program suits you best.
If you do qualify for the Homes for Texas Heroes Program, you're in for a wealth of benefits:
Mortgage Loan: TSAHC will provide you with a mortgage loan to facilitate your home purchase.
Down Payment Assistance: You'll receive funding to use for your down payment, which can be especially helpful.
Flexible Options: You can choose to receive the down payment assistance as a grant (which does not need to be repaid) or a deferred forgivable second lien loan (which only requires repayment if you sell or refinance within three years).
Ready to Get Started?
At New Horizons Lending, we're here to support you every step of the way on your path to becoming a homeowner. Contact us today to learn more about your mortgage options and how we can assist you in achieving your homeownership goals.