The following was included in TCTA's 2015-16 Survival Guide, the ultimate reference tool for Texas educators, and is current as of September 2015 but is subject to change.

Professional educators are eligible for several programs benefiting first-time homebuyers operated by the Texas State Affordable Housing Corporation (TSAHC). 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.

The U.S. Department of Housing and Urban Development (HUD) offers the Good Neighbor Next Door Program (formerly the Teacher Next Door program). The initiative helps teachers and others to buy homes in low and moderate income neighborhoods by selling properties at a 50 percent discount off the list price. Many financing options, including FHA-insured mortgages that require a down payment of $100, make the program even more affordable.

The program is open to law enforcement officers, firefighters, emergency medical clinicians and state-certified K-12 classroom teachers and administrators who are employed full-time in a public school, private school, or federal, state, county or city educational agency.

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.

See more information on financial assistance for educators