š” First-Time Homebuyer Programs in Texas Most Buyers Never Hear About (But Should) š°
š„ 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.
Thatās 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 requirementābut most never hear about them because many lenders donāt actively educate borrowers on these options.
At Medallion Mortgage, we help buyers understand how to properly structure financingānot just chase the lowest rate.
If youāre 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:
ā 3.5% down payment ā Flexible credit requirements ā Higher debt-to-income flexibility ā 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:
Ā·Less money out of pocket
Ā·Easier path to homeownership
Ā·Ability to preserve emergency savings
These second liens often come with specific eligibility requirements based on:
Ā·Income
Ā·Property location
Ā·Occupancy requirements
Ā·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)
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:
ā¢ Fixed-rate mortgages: Offering stability with predictable monthly payments.
ā¢ Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period.
ā¢ FHA loans: Making homeownership accessible with lower down payments.
ā¢ 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:
ā¢ Purchase loans: Financing the acquisition of new buildings or land.
ā¢ Construction loans: Facilitating the development of your project.
ā¢ Refinance loans: Restructuring your existing mortgage for better terms.
ā¢ 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:
ā¢ Expertise: Our brokers have a deep understanding of both residential and commercial lending.
ā¢ Competitive Rates: We leverage our strong lender relationships to secure the best possible terms.
ā¢ Streamlined Process: We handle the paperwork, keeping you informed every step of the way.
ā¢ 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!
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
