Financing & Down Payment Options
There is more than one way to finance a home. The right option depends on your finances, property, location, goals and the lender you choose.
Start with the big picture.
This is general education—not a loan quote or approval. A licensed mortgage professional can evaluate your specific eligibility.
Conventional
A mortgage that is not insured or guaranteed by a federal housing agency. Down payment, credit, mortgage insurance and pricing vary by program and lender.
FHA
FHA-insured loans are offered through approved lenders and can provide lower down payment options for qualifying borrowers.
HUD / FHA information →VA
VA-backed loans are available to eligible Veterans, service members and certain surviving spouses. Eligibility and lender requirements apply.
VA Home Loans →USDA
USDA Rural Development programs may offer qualifying buyers financing for eligible properties in eligible rural areas, subject to household income and program rules.
USDA Rural Development →Jumbo
A mortgage generally considered “jumbo” when the loan amount exceeds applicable conforming loan limits. Qualification and terms can differ from conforming loans.
Builder / Lender Promotions
Some builders and lenders offer temporary or targeted financing incentives. Terms, eligibility, participating homes and deadlines vary.
Assistance is not one-size-fits-all—and it is not just “for people with no money.”
Programs vary widely. Some have income limits. Some depend on location, profession, loan type or first-time-buyer status. Others are broader. Some lenders also create their own community or assistance programs.
- Not every lender offers every program
- Some programs are income-based
- Some are location-based
- Some are available more broadly
- Credit and loan requirements still apply
- Terms and funding can change
The practical takeaway: ask a lender what programs they actually participate in and whether any fit your situation.
Explore official program resources.
Texas State Affordable Housing Corporation
Homebuyer programs and education resources for eligible Texas buyers.
Explore TSAHC →Texas Department of Housing & Community Affairs
Explore state-supported homebuyer assistance programs and current eligibility information.
Explore TDHCA →Have a financing question?
Tell us where you are in the process. We can help you identify useful questions to ask a lender.
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