Down Payment Assistance

Home Mortgage Loan Special Programs

There are several programs available for homes located anywhere in Texas that provide funds for down payment and/or closing costs. This assistance comes in the form of grants which do not have to be repaid and/or second liens which must be paid in full when the home is sold or refinanced. The interest rates are fixed for 30 years. These programs have restrictions based on your family income, family size and the County you are purchasing in. Not all of the programs require that you be a first time homebuyer.

HEROES/EDUCATORS

Home Loan Programs provide a FHA loan to eligible homebuyers. In addition to a fixed interest rate, these programs offer down payment and closing cost assistance, up to 5% of the mortgage loan amount, in the form of a grant.

To be eligible for this program, a homebuyer must be of a specific group:

  • Homes for Texas Heroes: A full-time paid fire fighter, peace officer, corrections officer, juvenile corrections officer, county jailer, EMS personnel, or public security officer
  • Professional Educator: A full-time Texas classroom teacher, teacher’s aide, school librarian, school nurse, school counselor, or an allied health or nursing faculty member

CURRENT, PREVIOUS, OR FIRST TIME HOMEBUYER(S)

There are home loan programs available that offer competitive interest rates to eligible homebuyers. In addition to a fixed interest rate, these programs offer down payment and closing cost assistance in amounts ranging from 4% to 5% of the mortgage loan in the form of either a second lien or a grant. Eligible borrower(s) must meet the programs income limits and guidelines.

MORTGAGE CREDIT CERTIFICATE (MCC)

With an MCC, the qualified homebuyer is eligible to take a portion of the annual interest paid on the mortgage as a special tax credit, up to $2,000, each year that they occupy the home as their principal residence. An MCC has the potential of saving the homebuyer thousands of dollars over the life of the loan.

The program is open to those individuals and families who:

  • Meet income and home purchase requirements
  • Have not owned a home as a primary residence in the past three years
  • Meet the qualifying requirements of the mortgage loan
  • Will use the home as their principal/primary residence

The MCC is a non-refundable tax credit, therefore, the Homebuyer MUST have a tax liability in order to take advantage of the tax credit.

For more information on special programs, please contact your Premier Nationwide Lending Home Mortgage Loan Expert.

* Loan programs are subject to credit and property approval. Other guidelines may apply.



Loan Center

Checklist

What you will need to ensure a smooth home mortgage process.

Loan Options

There are several loan options available when purchasing a home.

Down Payment Assistance

Find out more about special programs and who qualifies.

Calculator

Wondering how much you can finance?

Testimonials

Premier Nationwide Lending has completely exceeded our expectations in the home loan process. We are building our 3rd home and they have gone above and beyond to ensure the best loan product for our needs, as well as saved us a lot of money! When the builder’s lender said a loan was not available, Premier Nationwide Lending’s loan officer worked hard to find that it was indeed available and made it a reality for our family. Words cannot accurately express our gratitude for having been introduced to Premier. Our loan officer was a complete pleasure to work with and someone you can trust with such an important decision!

Mark & Deanna H. - Homebuyer

I’ve been a successful Realtor for 28 years with one of the largest firms in the country. I met a loan officer with Premier several years ago at a seminar and was very impressed with her knowledge of buyer assistance programs, etc. I referred her to several of my first time Buyers and found her to be excellent. Every client that I referred her to was pleased with the process and the service and spoke very highly of her. Her communication skills, her attention to detail, her knowledge of the process, her commitment to getting the job done in a timely manner cannot be matched. Her staff and her processer are the best. I give her name to all of my Buyers, in all price ranges, and highly recommend they talk with her about their new purchase. I have worked with many loan officers over the years and Premier is the best I’ve EVER worked with.

Gerry J. - REALTOR

What a dynamic team of supporting and knowledgeable professionals! Each of my experiences with Premier Nationwide Lending has been nothing short of excellent. When they say, “We pride ourselves in delivering the industry’s best service and experiences,” they mean every word. Thank you for standing consistently behind your commitment. I eagerly look forward to doing more business in the future.

Vanja G. - Homebuyer

Thank you so much, Premier Nationwide Lending, for helping my family move into our dream home! Your hard work and dedication speaks volumes about your personal character. Although we never met in person, you still made a wonderful imprint in our hearts. Thank you for the late nights, patience, timeliness, guidance and thorough explanations throughout our first home buying experience. We definitely couldn’t have done it without you! Premier Nationwide Lending has a “Genuine” on their team, who we just so happened to be referred to. God is Good!

Carlo & Yvonne S. - Homebuyer

I cannot speak highly enough of my experience with Premier Nationwide Lending! I am still in awe of how easy these individuals made the loan process. All my questions and concerns were addressed in a timely manner with a wealth of expert knowledge. I was given the same personal attention one would expect from a local lender. You would have never known that I was working with a lender half a state away. I can say, without a doubt, that when the time comes to buy a new home I will return to Premier Nationwide Lending.

Stephanie B. - Homebuyer

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