MyChoiceTexas
Down payment assistance, easier approvals
FHA Loans
Easier Qualification.
Are you eager to purchase or refinance but don’t have great credit or a lot of money to put down/equity in your home?
The My Choice Texas Benefits
The My Choice Texas Home Loan is offered through a network of participating lenders with the Texas Department of Housing and Community Affairs and is for homebuyers that need access to a competitive interest rate home loan with down payment and closing cost assistance. Potential homebuyers must meet program income guidelines and program purchase price limits.Get Started
We will ask you a series of questions to see if My Choice is right for you.
Loan Amounts up to:
$420,680
Credit Scores as low as:
620
Minimum Down Payment:
0%
Types of My Choice Texas Loans
- FHA Purchase Loan
- Conventional Purchase Loan
- USDA Purchase Loan
- VA Purchase Loan
- No First Time Buyer Requirements
- Down Payment & Closing Cost Up to 5%
- Manufactured Housing
My Choice Texas Features & Qualification
- Little to No down payments (as low as 3.5% of the purchase price)
- 30-year fixed interest rate mortgage loans
- Flexible qualification guidelines
- No prepayment penalties
- Buyers can choose to use a government-backed loan (FHA, VA, USDA) or a conventional loan product in conjunction with the My Choice Texas Loan
Who can benefit?
- First-time homebuyers
- People without a lot of money saved for a down payment
- People who don’t have perfect credit
- Someone who wants to keep their monthly payments as low as possible
- Someone wanting to refinance a high-cost mortgage
Interested in learning about other loan programs? Visit the
Interested in learning about other loan programs? Visit the Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates and conditions are subject to change without notice. Some products and services may not be available in all states.