The following was included in TCTA's 2018-19 Survival Guide, the ultimate reference tool for Texas educators, and is current as of September 2018 but is subject to change.

Educators are eligible for several programs benefiting first-time homebuyers operated by the Texas State Affordable Housing Corporation. The Homes for Texas Heroes and Home Sweet Texas Home Loan Programs provide 30-year fixed rate mortgage loans to eligible first-time homebuyers at a low interest rate, as well as down payment and closing cost assistance in the form of grants.

Additionally, the Mortgage Credit Certificate (MCC) program is a tax credit that reduces tax liability. This reduction increases the amount of disposable income available to purchase a home. To qualify, homebuyers must meet program requirements, including income and home purchase price limits.

The U.S. Department of Housing and Urban Development (HUD) offers the Good Neighbor Next Door Program. The initiative helps eligible law enforcement officers, firefighters, emergency medical clinicians and state-certified K-12 classroom teachers and administrators buy homes in low and moderate income neighborhoods for 50 percent off the list price. Many financing options, including FHA-insured mortgages that require a $100 down payment, make the program more affordable.

See more information on financial assistance for educators