ACE Home Mortgage: Helping You Overcome Down Payment Challenges
Down Payment Assistance
At ACE Home Mortgage, we know buying a home is one of the biggest milestones in life—but saving for a down payment can feel overwhelming. That’s why we’ve partnered with the Texas State Affordable Housing Corporation (TSAHC) to provide solutions that make homeownership possible for qualified buyers.
How We Can Help
Through TSAHC programs, we can assist both first-time and repeat homebuyers with down payment assistance. These programs are designed to help Texans achieve their dream of owning a home, and ACE Home Mortgage is here to guide you every step of the way.
Step One: Check Your Eligibility
The first step is simple—take our quick online Eligibility Quiz. It only takes a few minutes and requires no special paperwork. The quiz will show if you meet the program requirements and what assistance options you qualify for. To be eligible, you’ll need:
- A minimum credit score of 620
- To meet certain income guidelines
What is Down Payment Assistance?
When you buy a home, you typically need to pay a percentage of the purchase price upfront as a down payment. TSAHC programs provide funding to help cover this cost. You can choose:
- A grant (which never needs to be repaid)
- A deferred forgivable second lien loan (only repaid if you sell or refinance within three years)
This means you could receive thousands of dollars in assistance—essentially free money—to make your dream home a reality.
Two Program Options
- Homes for Texas Heroes: For educators, police officers, firefighters, EMS personnel, veterans, and other hero professions.
- Home Sweet Texas: For all other qualified buyers.
Extra Benefit: Mortgage Credit Certificates (MCCs)
If you’re a first-time homebuyer, you may also qualify for an MCC, which provides a tax credit on mortgage interest—helping you save even more.
