Texas First Time Homebuyer Bond Program

In some cases, a bond program will be the best possible option for you as a borrower. One such program is the Texas First Time Homebuyer Program, which is also known as Bond Program 77.


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Bond Program 77 helps borrowers to receive competitive interest rates with a 30-year repayable mortgage for their home loans. The borrowing can help with down payments and closing costs. As a result, the program opens up the possibility of buying a home to a wider number of people. The program can be used by anyone who qualifies that is buying property within the borders of Texas.

In order to meet the qualifications, borrowers need to have low or moderate income and they must be buying a home for the first time. If they have not owned a home in at least three years, then they are also qualified.

Another program is the Texas Mortgage Program, known as TMP-79. This was designed to replace a previous single-family bond program. It is backed by more than $600 million set aside for the assistance of homebuyers. When compared to previous programs, the Texas Mortgage Program offers better interest rates and assistance on down payments and closing costs. Those additional elements may make up as much as 5 percent of the total loan. Depending upon where the home is located, there are different maximum income requirements.

These are programs that should be looked into by those who cannot afford to make an entire down payment, but can afford to make at least a partial down payment. They may also be able to be combined with other programs, thus enabling the purchase of a home with no down payment.

Our experts are familiar with all of the available Texas Bond Programs. As a result, they can help you to determine whether or not you are eligible for any.

Once you’ve figured that out, you can discuss whether or not the available Texas Bond Programs are your best option moving forward. If they are, then we can help you to begin the application process.

As with the other programs offering government assistance, the goal is to make the dream of home ownership a bit easier to achieve. If you didn’t think owning a home was ever going to be a possibility for you, we may be able to help you get the “yes,” answer that you’ve been hoping for.

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