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Conventional Loans

A conventional mortgage is a home loan in which the borrower meets certain specific guidelines, thereby alleviating some of the risk associated with the loan. This reduced risk results in a higher willingness of lenders to lend money for the mortgage, which lowers the overall interest rate for borrowers. That means lower monthly mortgage payments for you.


Traditionally, conventional home loans have a limit of $417,000. However, in certain high cost areas, the loan limits are as high as $729,000. 

Jumbo Loans

A Jumbo mortgage loan is for an amount higher than the maximum loan amount established by Freddie Macand Fannie Mae, the two government sponsored mortgage corporations. The caps are set at the beginning of each year, based on average market prices; as of now a jumbo loan is defined as a loan for more than $417,000, although the amount is higher in Hawaii and Alaska.

FHA Loans
Conventional & Jumbo

An FHA insured loan is a Federal Housing Administration mortgage insurance backed mortgage loan which are provided by FHA-approved lenders. FHA insured loans are a type of federal assistance and have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford.


FHA insured mortgages are some of the best kinds of mortgages available. This is because they can help more people into the home buying market.


VA Loans

There are certain qualifications you have to meet in order to qualify for a VA loan (typically at a minimum you must be a veteran or an active member of the US armed forces). But, if you do, you can enjoy lower closing costs, lower mortgage payments and the possibility of no down payment.


Now, more than ever banks are requiring large down payments for conventional loans. In many cases they require 10-20% down, putting home ownership out of reach for many prospective buyers. A VA mortgage is one of the only loan programs that still allows the borrower to finance 100% of the home’s value and purchase with $0 down.

USDA Loans
Down Payment Assistance & Tax Credit

The USDA home loan (Rural Development Loan) is a government guaranteed home loan that allows home-buyers to buy a home with NO money down. USDA loans offer 100% financing to qualified buyers, and allows all closing costs to either be paid by the home seller or financed into the loan. USDA offers low fixed interest and flexible credit qualifying guidelines.

TSAHC believes every Texan deserves safe, decent, affordable housing. Our programs target the housing needs of low-income families and underserved communities.


The Texas State Affordable Housing Corporation (TSAHC) is a 501(c)(3) nonprofit organization that was created by the Texas Legislature in 1994 to serve as a self-sustaining, statewide affordable housing provider. At TSAHC we believe that every Texan deserves the opportunity to live in safe, decent and affordable housing. As the population of our state continues to grow at a record rate, the need for affordable housing in Texas has only increased.


The Homes for Texas Heroes and Home Sweet Texas Home Loan Programs are available for teachers, fire fighters, peace officers, veterans, and low and moderate-income homebuyers.


Which option is best for you? Contact us

We are here to assist. Contact us by phone, email or via our Social Media channels.

USDA & Down Payment Programs
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