Down Payment Assistance Programs in Texas
Down payment assistance can make homeownership possible sooner than you think. Here's an overview of options for Texas buyers in the Texoma region.
State & Agency Programs
Texas offers programs through entities like the Texas State Affordable Housing Corporation (TSAHC) and the Texas Department of Housing and Community Affairs (TDHCA), which can provide grants or low-cost second loans toward down payment and closing costs.
Loan-Type Advantages
FHA, VA, and USDA loans reduce or eliminate down payment needs for eligible buyers — USDA in particular fits many rural Texoma areas with zero down for qualified borrowers.
Eligibility
Programs commonly consider income limits, credit, homebuyer education, and sometimes occupation (teachers, first responders, veterans). Requirements vary, so confirm specifics with a participating lender.
Getting Started
A knowledgeable local lender can match you to the right program, and your agent can ensure your offer accommodates assistance timelines. Ask Steve Cook & Co. Realtors for referrals.
Frequently Asked Questions
Do I have to repay down payment assistance?
It depends — some assistance is a grant, while other programs are second loans that may be forgivable over time or repayable at sale. Confirm terms before accepting.
Are there zero-down options in Texoma?
Yes — USDA loans (in eligible rural areas) and VA loans (for eligible veterans) can offer zero down payment.
Keep Exploring Texoma
Have Questions? Let's Talk.
Steve Cook & Co. Realtors has served the Greater Texoma region since 1980, with a full team of brokers licensed in Texas and Oklahoma. Whether you're buying, selling, or just exploring, the brokerage is here to help.
Based on information from the North Texas Real Estate Information Systems, Inc. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently verified. | Brokerage License: 2442891, 4510835, 4510837 | Agent License: 694836