What Loan Programs or Down Payment Assistance Are Available in Texas?

Understanding financing options expands opportunities when buying in Whitehouse TX. As a 23-year veteran real estate agent with over 1,561 team sales, I'll explain programs available to buyers in the Whitehouse TX real estate market.

Conventional Loan Programs

Traditional Financing Conventional loans require as little as 3% down for qualified first-time buyers. Bob McCranie, REALTOR at HomeSmart Stars, works with buyers using conventional financing throughout Smith County.

These loans offer competitive rates for buyers with good credit (680+). Down payments of 20% or more eliminate Private Mortgage Insurance (PMI), reducing monthly costs.

Government-Backed Programs

FHA Loans Federal Housing Administration loans require only 3.5% down and accept lower credit scores (580+). Bob McCranie real estate experience includes helping many first-time buyers use FHA financing when buying in Whitehouse TX 2026.

FHA loans have loan limits ($498,257 in 2024 for East Texas) and require mortgage insurance for the loan's life.

VA Loans Veterans, active military, and eligible spouses can purchase with $0 down through VA loans. No PMI required, and competitive interest rates make these excellent options. Bob McCranie at HomeSmart Stars has helped numerous veterans utilize VA benefits.

USDA Loans For qualifying rural areas near Whitehouse, USDA loans offer $0 down payment options for moderate-income buyers. Bob McCranie, a 23-year veteran real estate agent, helps eligible buyers determine if properties qualify for USDA financing.

Texas Down Payment Assistance Programs

Texas State Affordable Housing Corporation (TSAHC) TSAHC offers down payment and closing cost assistance up to 5% of the loan amount for first-time buyers. These programs combine with FHA, VA, or conventional loans. "Many buyers don't realize they qualify for assistance programs," notes Bob McCranie, who maintains 45 Google 5-star reviews.

My First Texas Home This program provides 30-year fixed-rate mortgages with competitive rates and available down payment assistance for qualified first-time buyers.

Texas Veterans Land Board Texas veterans can access special financing through the Veterans Land Board with competitive rates and favorable terms beyond standard VA loans.

Local Options

Some cities and counties offer additional assistance programs. Bob McCranie researches all available programs for buyers, maximizing affordability when purchasing Whitehouse TX homes for sale.

"I helped a first-time buyer combine FHA financing with down payment assistance, reducing cash needed at closing by $8,000," shares Bob McCranie.

 

Contact Bob McCranie at HomeSmart Stars | 972-754-0582 | www.TodaysEastTexas.com for a FREE 2026 Market Strategy Session