Texas First-Time Homebuyer FAQs
                     
Buying your first home in Texas is an exciting milestone, but it also brings 
many questions for new buyers. To make your journey easier, here are some 
of the most common FAQs about the home buying process in Texas—
along with clear answers.
Who qualifies as a first-time homebuyer in Texas?
If you haven’t owned a home in the past three years, you’re considered a 
first-time buyer. For married couples, both spouses must meet this 
requirement to qualify for certain programs.
What credit score do I need?
Most Texas mortgage and assistance programs require a minimum credit 
score of 620. Higher scores can get you better rates, though some programs 
may allow slightly lower scores.
How much is the down payment?
You don’t always need 20%. FHA loans can require as little as 3.5%, and 
several Texas programs offer down payment assistance. That said, saving 
more upfront can help lower monthly payments.
What assistance programs are available?
Texas provides resources such as My First Texas Home and Home 
Sweet Texas Home, which offer down payment support, low-interest 
loans, and even tax credits. Eligibility depends on factors like income, 
location, and past homeownership.
What other costs should I expect?
Beyond the down payment and home price, budget for closing costs, 
insurance, property taxes, inspection fees, and ongoing maintenance. 
These expenses can add several thousand dollars.
Why should I get pre-approved?
Pre-approval sets a clear budget, strengthens your offer, and shows 
sellers you’re serious—making it one of the smartest first steps.
Is homebuyer education required?
Yes, most programs require a certified course. These are affordable (usually $0–
$99) and cover essentials like mortgage terms, insurance, and closing costs.
How does the Texas housing market affect me?
In larger cities, the market moves quickly. Be prepared for competitive bidding 
and rising prices, especially in desirable neighbourhoods or top school districts.
What mistakes should I avoid?
Don’t skip inspections, underestimate hidden costs like HOA fees or insurance, or 
overstretch your budget. Always review loan terms carefully before signing.
With the right knowledge, preparation, and guidance, buying your 
first Texas home can be smooth and rewarding. Explore 
assistance programs, work with trusted local professionals, and 
take confident steps toward homeownership.
Looking for expert support? Aliton Finance Texas is here to 
guide you through every stage—from finding the right property to 
closing—making your journey stress-free and informed.
Aliton Finance Texas
Address 1 2500 NE Green Oaks Blvd Suite 202A
City Arlington
State TX
Zip 76006
Phone (972) 998-8522
Country USA
Website URL https://alitonfinancetx.com
Email [email protected]
 Thank You