Discover Your Path to Homeownership
Explore Our Down Payment Assistance Programs
Unlock the door to your dream home with our tailored down payment assistance options. Whether you’re a first-time buyer or looking to upgrade, ACE Home Mortgage™ is here to make the process seamless and stress-free.
Explore Our Assistance Programs
At ACE Home Mortgage™, we offer a variety of down payment assistance programs to help you achieve homeownership. Each program is designed to meet different needs and eligibility criteria.
TSAHC
The Texas State Affordable Housing Corporation provides affordable mortgage options and down payment assistance, making homeownership accessible for low- to moderate-income Texans, including first-time buyers and public service professionals.
TDHCA
The Texas Department of Housing and Community Affairs offers a range of loan programs with down payment assistance, tailored for low- and moderate-income individuals and families, including veterans and first-time homebuyers.
Homes For Texas Heroes
This program supports our community’s heroes, such as teachers and first responders, by offering special home loans and down payment assistance to facilitate their journey to homeownership.
Home Sweet Texas
Designed for low and moderate-income Texans, this program provides down payment assistance as a grant or a deferred forgivable second lien loan, helping you secure your home without financial strain.
Common Questions About Bond Programs
Discover the answers to frequently asked questions about bond programs and how they can assist you in purchasing a home in Texas.
What are bond products, and how do they relate to purchasing a home in Texas?
Bond products are financial tools that provide down payment and closing cost assistance to homebuyers. In Texas, these programs make homeownership more accessible by reducing the upfront costs associated with buying a home.
Who is eligible for bond programs in Texas?
Eligibility for bond programs typically includes first-time homebuyers, veterans, and individuals meeting specific income requirements. Each program may have unique criteria, so it’s essential to review the details of each option.
What is the difference between TSAHC’s Home Sweet Texas and Homes for Texas Heroes programs?
The Home Sweet Texas program assists low and moderate-income Texans, while the Homes for Texas Heroes program is tailored for public service professionals like teachers and firefighters. Both offer down payment assistance but cater to different groups.
How much assistance can I get through Texas bond programs?
Assistance varies by program, with some offering up to 5% of the first lien mortgage amount. This support can significantly reduce the initial costs of purchasing a home.
Do I have to repay the assistance I receive through a bond program?
Repayment terms depend on the program. Some offer grants that do not require repayment, while others may have deferred forgivable loans that need to be repaid under certain conditions.
What types of loans can be used with bond products in Texas?
Bond programs in Texas can be paired with various loan types, including conventional, FHA, VA, and USDA loans, providing flexibility to suit different financial situations.
How do I apply for a bond program when purchasing a home in Texas?
To apply, you typically need to work with a participating lender who can guide you through the application process and ensure you meet all necessary requirements.
Are there any location restrictions for using bond products in Texas?
While most bond programs are available statewide, some may have specific location restrictions. It’s important to verify any geographical and income limitations when considering a program.
How do bond programs affect my interest rate?
Bond programs often offer competitive interest rates, which can be lower than standard market rates, helping to make your monthly mortgage payments more affordable.
Get Expert Guidance on Bond Programs
At ACE Home Mortgage™, we simplify the mortgage process. Our team is ready to assist you in navigating the various bond programs available, ensuring you find the best option for your needs. Contact us today to start your journey to homeownership.