Texas honors its heroes with exclusive homebuying benefits. Through ACE Home Mortgage’s partnership with TSAHC, teachers, firefighters, EMS personnel, police officers, correctional officers, and veterans have access to the Homes for Texas Heroes program – offering enhanced Down Payment Assistance and special benefits.
For Texas Heroes: Enhanced Benefits You’ve Earned
The Homes for Texas Heroes program recognizes your service with superior benefits:
Enhanced Down Payment Assistance: – Up to $30,000 in down payment and closing cost assistance – Grant options that never require repayment – Forgivable loan options with favorable terms – Statewide availability – no geographic restrictions
Special Hero Benefits: – FREE Mortgage Credit Certificates (normally $500+ fee waived) – Reduced interest rates below market rates – Flexible qualification standards – Expedited processing for faster closings
The Financial Impact for Heroes
Let’s look at real numbers for a typical Texas Hero purchase:
Example: Firefighter purchasing $350,000 home – Down Payment Assistance: $20,000 – MCC annual tax savings: $2,000 – First-year total savings: $22,000 – Monthly payment reduction: ~$180
The “extra day or two” for processing saves this hero over $22,000 in the first year alone – that’s more than many people make in several months.
Who Qualifies as a Texas Hero?
Eligible professions include: – Teachers: Public school teachers, administrators, and support staff – Firefighters: Career and volunteer firefighters – EMS Personnel: Paramedics, EMTs, and emergency medical staff – Police Officers: Law enforcement officers at all levels – Correctional Officers: Prison and jail personnel – Veterans: All honorably discharged veterans
Employment Requirements: – Currently employed in eligible profession, OR – Veteran status (employment requirement waived) – Must meet income and purchase price limits
Mortgage Credit Certificates: The Hero Advantage
Texas Heroes receive FREE MCCs (a $500+ value) that provide: – 15% federal tax credit on annual mortgage interest – Up to $2,000 annually in tax savings – Qualification boost – MCC savings count as income – Lifetime benefit for the duration of homeownership
MCC Impact on Qualification: Many heroes find that the MCC tax savings provide the extra income needed to qualify for their desired loan amount, effectively increasing their buying power.
For Real Estate Agents: Heroes Make Great Clients
Texas Heroes represent an excellent client base with stable employment, strong community ties, and enhanced buying power through DPA programs.
Why Focus on Hero Clients:
Stability Factors: – Steady employment with predictable income – Strong community connections leading to long-term residency – Professional references and networking opportunities
Enhanced Buying Power: – Significant down payment assistance increases affordability – MCC benefits help with qualification and monthly payments – Special program benefits provide competitive advantages
Marketing Opportunities: – Community involvement through hero appreciation events – Professional networking with fire stations, schools, police departments – Referral potential within hero communities
The Application Process for Heroes
ACE Home Mortgage makes it simple:
- Hero Verification: Confirm eligibility through employment or veteran status
- Program Selection: Choose the best combination of benefits
- Documentation: Streamlined process with hero-specific requirements
- Processing: Expedited review for faster approvals
- Closing: Coordinate all benefits for maximum savings
Geographic Flexibility
Unlike many programs, Homes for Texas Heroes offers statewide availability: – No targeted area restrictions – Rural and urban options – County-specific income and price limits – Flexibility for heroes who relocate
Limited Funding Means Act Now
Hero programs have dedicated funding, but it’s still limited. Once annual allocations are exhausted, new applicants must wait for the next funding cycle.
Recent funding statistics: – Average assistance per hero: $18,500 – Average annual MCC savings: $1,900 – Combined first-year benefit: Over $20,000
Your Service Deserves Recognition
You’ve served Texas – now let Texas serve you. The Homes for Texas Heroes program is our state’s way of saying thank you for your dedication and service.
Ready to claim your hero benefits? – Texas Heroes: Contact ACE Home Mortgage today for your free consultation – Real Estate Agents: Learn how to serve the hero community and grow your business
Your service has earned you these benefits – let’s put them to work for your homeownership dreams!
