Houston Mortgage | Down Payment Assistance Programs

Houston Mortgage Rates and Mortgage Preapproval

What Are Today's Mortgage Rates?

BankRate.com offers a comprehensive overview of recent mortgage rates and loan programs. To learn more go to: BankRate.com.

Monthly Payment Calculator

This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.

Purchase & Financing Information

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Get Preapproved For A Mortgage Today!

Republic State Mortgage is a preferred lender of 2M Realty. They are a full service mortgage banker based in Houston, with offices throughout Texas and in 3 other states. Republic and its staff of seasoned professionals can help you with all of your mortgage needs. Offering a wide array of loan programs that include conventional -- conforming and non-conforming loans, FHA, VA, adjustable rates, refinances, one-time close loans, permanent construction takeout, home improvement, second liens, and stated income loans. To find out more go to Republic State Mortgage, or fill-out a mortgage profile to be contacted by one of their mortgage specialist. 

Houston Down Payment Programs

Down payment assistance and community redevelopment programs offer affordable housing opportunities to first-time homebuyers, low-income and moderate-income individuals and families who wish to achieve homeownership. The following programs are available for certain buyers within the Houston Metro areas:

  100% home financing through the USDA in certain rural areas.
  Zero down payment for military personnel through the Veterans Administration.
  Down payment assistance offered by the State of Texas
  Down payment assistance offered by the City of Houston
  Down payment assistance offered by Harris County
  Down payment assistance offered by Brazos County
  Down payment assistance offered by Galveston County

See below for more details.

Veteran’s Administration: No Down Payment for Military Personnel! 

The Veteran’s Administration (VA) provides zero-down payment loans for active duty and non-active duty military personnel. The Maximum VA Loan Amount is $417,000 and no Mortgage Insurance is required. Additionally, the seller can up to pay 6% of your closing costs and, in most cases, you can move-in with no money down! To find out more go to: VA Zero Down Payment Program.

100% Financing through the USDA!

The USDA provides 100% financing for qualified buyers if you live in a designated area. To find out if your area qualifies and you meet the USDA requirement go to: USDA 100% Financing Program.

Texas Mortgage Credit Program! 

This program allows qualified Texans access to low interest rate home loans, typically 1% below current market rates, and offers homebuyers a grant equal to 5% of the mortgage amount. To learn more go to: Texas Mortgage Credit Program.

Up to $10,000 Towards Your Down Payment in Brazos County!

First-time homebuyers in Brazos County can qualify for $10,000 on a newly constructed home. These funds may be used for down payment and closing costs to purchase a home in Brazos County. Home must be located in an unincorporated area and not within any City limits. To find out more go to: Brazos County Down Payment Assistance Program.

Up to $10,000 Towards Your Down Payment in Galveston County!

First-time homebuyers in Galveston County can qualify for $10,000 on a newly constructed home. These funds may be used for down payment and closing costs to purchase a home in Galveston County. Home must be located in an unincorporated area and not within any City limits. To find out more go to: Galveston County Down Payment Assistance Program.

Up to $19,500 Towards Your Down Payment in the City of Houston!

A home buyer can qualify for up to $19,500 towards the purchase of a new home with a maximum sales price of $135,000. To qualify the home must be within the City of Houston, you must live in the house for 5-10 years after purchase, and meet certain income and other requirements of the program. To find out more go to: City of Houston Down Payment Assistance Program.

Up to $14,500 Towards Your Down Payment in the City of Pasadena!

First-time homebuyers in City of Pasadena can qualify for $14,500 on a newly constructed home. These funds may be used for down payment and closing costs to purchase a home in Pasadena, Texas. To find out more go to: City of Pasadena Down Payment Assistance Program.

Up To $14,200 Towards Your Down Payment in Harris County!

A first time home buyer can qualify for up to $14,200 towards the purchase of a new home with a maximum sales price of $115,000. To qualify the home must be in an unincorporated area of Harris County (not within the City of Houston or Pasadena city limits), you must live in the house for 5-10 years after purchase, and meet certain income and other requirements of the program. To find out more go to: Harris County Down Payment Assistance Program.

Up to $10,000 Towards Your Down Payment in the Fort Bend County!

First-time homebuyers in Fort Bend County can qualify for $10,000 on a newly constructed home. These funds may be used for down payment and closing costs to purchase a home in Fort Bend County. Home must be located in Fort Bend County but not in the city limits of Houston, Sugar Land, Missouri City and Katy. To find out more go to: Fort Bend County Down Payment Assistance Program.