First-Time Homebuyers in Texas: Your Guide to Getting Started

By Michael Thompson, Elite Mortgage Services  

March 13, 2025

Hey, Texas first-timers! I’m Michael Thompson from Elite Mortgage Services, and if you’re thinking about buying your first home, you’re in the right place. The Lone Star State is an amazing spot to plant roots, but I know the process can feel daunting. Don’t worry—I’ve got your roadmap right here.

The Texas Advantage

First-time homebuyers in Texas have some serious perks. Programs like the TDHCA’s My First Texas Home offer 30-year fixed-rate mortgages with down payment assistance up to 5% of the loan amount. That’s a big deal when homes are averaging $335,000—a 3% down payment alone is over $10,000! Pair that with a Mortgage Credit Certificate (MCC) for annual tax savings, and you’re already ahead. TSAHC’s Home Sweet Texas program is another winner, especially if your income’s on the lower side.

What You Need to Qualify

Most programs ask for a minimum credit score of 620, though FHA loans can dip to 580 with a 3.5% down payment. You’ll also need to meet income limits (these shift by county and household size—don’t sweat it, we’ll check for you). Haven’t owned a home in the last three years? You’re a “first-timer” in their eyes, even if you’ve owned before. Oh, and a quick homebuyer education course is usually required—think of it as your crash course in winning at homeownership.

Where to Start

Step one: let’s talk. At Elite Mortgage Services, we’ll sit down, look at your finances, and match you with the best loan and assistance options. Step two: get pre-approved. It’s like a golden ticket that shows sellers you’re serious. Step three: find a Realtor and start hunting. Texas has everything from Houston’s urban buzz to the Hill Country’s quiet charm—your perfect spot’s out there.

Why Now?

Rates are hovering around 7% for a 30-year fixed mortgage, but with assistance and tax credits, your monthly hit softens. Plus, Texas home prices are still climbing—buying now locks in your slice of the pie before it’s pricier. At Elite Mortgage Services, we’ve guided

hundreds of first-timers through this, and we’d love to help you too.

Let’s Do This

First home, first memories—let’s make it real. Reach out to us at Elite Mortgage Services today, and we’ll get you started. Texas is calling—answer it with a key in your hand!

Call Michael Thompson now at 210-322-5990 or email me at EliteMortgage@Protonmail.com