09/17/2026
What is a first-time homebuyer program? 🏡
It’s a program designed to make purchasing a home more affordable by offering benefits such as down-payment assistance, closing-cost assistance, special financing, or tax incentives. And “first-time buyer” doesn’t always mean you’ve never owned a home, some programs consider you a first-time buyer if you haven’t owned and occupied a primary residence within the last 3 years.
Mississippi and Texas offer different options:
Mississippi 📍
Mississippi Home Corporation’s Smart7 program currently offers $7,000 toward down payment and/or closing costs as a 0% second mortgage. One major difference: Smart7 does NOT require you to be a first-time homebuyer, although income, property, and other eligibility requirements apply.
Texas 📍
Texas has several assistance options. TDHCA’s My First Texas Home program is specifically available to qualifying first-time buyers and veterans and can provide up to 5% toward down payment and closing costs. Texas also has TSAHC programs that may provide up to 5% assistance, including options for qualifying teachers, firefighters, EMS personnel, police officers, veterans, and other eligible buyers.
The important part? You don’t have to automatically assume you need thousands saved for a down payment. Your available assistance depends on your income, credit, location, loan type, and the specific program you qualify for.
Buying in Mississippi or Texas? Let’s find out what options may be available to you. 🔑🏡
Click the link below ⬇️
🖥: https://linktr.ee/tsmithtp
