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Meet Bill Rapp

NMLS ID # NMLS # 228246

Bill Rapp, CCIM is a Houston-based Capital Advisor at Medallion Funds, specializing in commercial real estate finance and strategic lending solutions. With over two decades of experience across brokerage and capital markets, Bill has worked with leading firms including eXp Commercial, NEXA Mortgage, Viking Enterprise LLC, and Sun Realty Houston.

A graduate of Texas A&M University with a BBA in Finance, Bill brings a disciplined, underwriting-first approach to every deal. His expertise spans commercial and residential financing, including asset-based lending, FHA financing, reverse mortgages, REO properties, and investment strategies for both single-family and commercial assets.

Known for his focus on structure over rate, Bill helps investors, business owners, and developers navigate complex transactions with clarity, precision, and a long-term wealth-building mindset.

The Client Experience

Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.

27185 Astoria Brook Ln, Katy, TX 77494, USA

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🔥 Hidden Down Payment Assistance Programs for First-Time Homebuyers in Houston, Katy & Fort Bend County

🏡 First-Time Homebuyer Programs in Texas Most Buyers Never Hear About (But Should) 💰

Bill Rapp, Commercial Mortgage Broker

May 16, 2026•3 min read

🏡 First-Time Homebuyer Programs in Texas Most Buyers Never Hear About (But Should) 💰

🔥 Hidden Down Payment Assistance Programs for First-Time Homebuyers in Houston, Katy & Fort Bend County

There Are First-Time Homebuyer Programs Most Buyers Never Hear About

One of the biggest myths in real estate is that first-time buyers need 20% down to purchase a home.

That’s simply not true.

In fact, many buyers in Houston, Katy, Fulshear, Houston, Katy, and Fulshear are eligible for programs that can dramatically reduce their upfront cash requirement—but most never hear about them because many lenders don’t actively educate borrowers on these options.

At Medallion Mortgage, we help buyers understand how to properly structure financing—not just chase the lowest rate.

If you’re struggling with down payment funds, here are three programs worth exploring.

1) FHA Down Payment Assistance Second Lien Program

Many buyers know about Federal Housing Administration loans because they allow:

✅ 3.5% down payment
✅ Flexible credit requirements
✅ Higher debt-to-income flexibility
✅ Opportunity for first-time buyers with limited savings

What many buyers miss is that some programs offer a second lien loan that helps cover part (or all) of your down payment requirement.

This means:

·Less money out of pocket

·Easier path to homeownership

·Ability to preserve emergency savings

These second liens often come with specific eligibility requirements based on:

·Income

·Property location

·Occupancy requirements

·Credit qualifications

This can be especially helpful for teachers, healthcare workers, young professionals, and families trying to enter the market for the first time.

2) Texas State Affordable Housing Corporation (TSHAC)

The Texas State Affordable Housing Corporation (TSAHC) offers some of the most overlooked programs in Texas.

Their programs may provide:

·Down payment assistance grants

·Deferred forgivable loans

·Mortgage tax credits

·Support for teachers

·Support for veterans

·Support for first responders

·Support for low-to-moderate income buyers

Depending on qualification, buyers may receive thousands in assistance.

This is one of the most searched first-time homebuyer resources in Texas—and many buyers still overlook it.

3) Harris County Community Services Department HUD-Based Assistance Programs

Harris County offers various HUD-backed housing assistance programs that may help qualified borrowers with:

·Down payment assistance

·Closing cost help

·Affordable housing resources

·Homebuyer education tools

Program availability can change based on annual funding.

Harris County Housing Resources

4) Fort Bend County Community Development Department Homebuyer Assistance Programs

Buyers in Fort Bend County may also qualify for local grant opportunities.

These programs may help with:

·Down payment assistance

·Closing costs

·First-time buyer education

·Special incentive programs

Fort Bend County Housing Assistance

Why Most Buyers Miss These Programs

Many large lenders operate on volume.

They often place borrowers into standard loan products without exploring layered opportunities.

A mortgage broker can help identify:

·Local grants

·State programs

·Down payment strategies

·Credit improvement opportunities

·Loan structure alternatives

That’s where strategy matters.

The Biggest Mistake First-Time Buyers Make

Waiting until they think they have “enough saved.”

Meanwhile:

·Home prices may rise

·Rent payments continue building zero equity

·Opportunities pass by

The smartest buyers learn their options early.

Final Thoughts

There are programs most buyers never hear about because they never ask the right questions.

If you're buying your first home in Houston, Katy, or Fulshear, let’s build a strategy that works for your financial situation.

Visit: BillRappOnline.com

Call/Text: 281-222-0433

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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