Paragon Property Group
Better Homes and Gardens Real Estate

Toll Free: 866-693-7741
Sue Ellett: 512-422-7182
Stacey Nelson: 512-301-3300

Programs for First Time Homebuyers in Central Texas

First Time Homebuyers

Dreaming of Buying your First Home?   

Check out our First Time Home Buyer section.  Texas Teachers, Texas Policemen, Texas Firemen & EMS professionals in Texas have special loan programs available, too, so visit the Teacher Home Buyer Program page.  Texas Veterans with 90 days service and an honorable discharge get special mortgage programs through the Texas Veterans Land Board - they make it easy for Texas Vets to buy land or a home, or both!  Did you know that you can use your IRA as your down payment if you are a first time home buyer or if you haven't owned & purchased a home in the last three years.   Get a FIRST TIME BUYER BOOKLET, full of useful information to help you navigate buying your first home.

 Great News!   TDHCA has funds for My First Texas Home.  Contact us for more information or visit the TDHCA Website

 My First Texas Home’s "Taxable Mortgage Program" (TMP-79) offers more competitive fixed interest and annual percentage rates while providing down payment and closing cost assistance of 5 percent of the mortgage loan.

Contact us for more information on this program and how you can buy a home in the Austin and Highland Lakes areas of Central Texas with downpayment assistance funds!

My Team and I are committed to helping more people have the joy of owning their own home ~ one home at a time. We will help guide you through the process of buying & financing your first (or subsequent) home, condo, townhome or duplex.

Whether you are Single, Married, or have a Partner, you can enjoy the benefits of home ownership & help secure your future. Real Estate is still one of the best investments you can make, averaging 5% per year appreciation.

Your home is so much more than the place you live, it's where wonderful memories will be's where you will entertain friends &'s where you'll plant that magnolia tree you will always's part of your lifetime of experiences.

We work with many Mortgage Brokers & Lenders who can offer a multitude of loan programs & help make buying your first home (or second or third or later!)in the Austin or Highland Lakes areas EASY!  Get PRE-QUALIFIED for a Loan.  This is a very important step and let's you know just how much house you can afford. Sellers like to see that a Buyer making an offer already has a Pre-Qualification letter - it makes you, as the Buyer, more credible & generally makes the process of submitting a contract for a home much more successful.               (click on photo to order)

Visit or Subscribe to our Texas First Time Home Buyer BLOG! (click here)

Let's Get Started ...

 Buyers: Buying Your Perfect Home

 Buyers: Mortgage Calculators

 Buyers: Loan Programs for First Time Home Buyers

 Buyers: Get Pre-Qualified

 Buyers: Using Your IRA as a Downpayment

 Buyers: Search Austin Area Properties

 Buyers: Search Highland Lakes Area Properties

 Buyers: Receive Listings by Email (FREE Email Alerts)

 Buyers: Order FREE Brochure ~ Renting vs Owning A Home

 Buyers: Order FREE Boooklet ~ First Time Homebuyer Guide

 Buyers: Ask A Question

Eligible for a VA Loan/VA Benefits?     Register & Print Certificates Here

USDA Loans

USDA Loans ...can be up to 100% in certain areas only (Burnet County, Llano County, parts of Williamson, Blanco and Hays counties)- FHA still continues to be a good choice. If you can make a 3.5% down payment, you can generally get the seller to pay most of the closing costs, so there is little out of pocket expense. The down payment can be a gift from friends & family too.  And, Interest Rates are low..... 

Your IRA as a Down Payment

Did you know that First Time Home Buyers (or people who haven't owned a home in 2 years) can use up to $10,000 in funds from their IRA as a down payment on a home, penalty free???

If you're married, and you and your spouse are both first-time buyers, you each can pull from retirement accounts, giving you $20,000 in residential cash.Even more interesting, you can share your IRA funds with family members for their home purchase. The IRS says the first-time home buyer using your IRA funds for a down payment can be you, your spouse, one of your children, a grandchild or a parent.

But, don't take your money out too soon. You must use the IRA funds within 120 days of withdrawal to pay qualified acquisition costs. This includes the costs of buying, building or rebuilding a home, along with any usual settlement, financing or closing costs.

It's time to Stop Renting & Start building for your future.  You may be surprised at how easy buying your own home can be.  Invest in your future & enjoy the benefits of home ownership.   Now is a great time to buy while interest rates are still low and excellent inventory in First Time Home Buyer Price ranges are available. 

Most 1st Time Homebuyer programs are available for buyers who have never purchased a home before or who haven't owned a home in the past 3 years.    Contact us today so you can be pre-qualified for a mortgage.  


This program is available for Military, Former Military (and family members in many cases), Educators, First Responders and Medical Personnel.  Contact us for more information and to see if you qualify for the program.  

Buyer Representation - A Paragon Property Group Professional will represent you as a Buyer's Agent.  This means that we work for you & not the seller.  In Texas, all agents work for the Seller unless they have a signed Buyer's Representation Agreement between the Agent & the Buyer.   This agreement means that the agent working for you is your Agent and is responsible for looking out for your best interests solely.  Plus, we are all certified Texas Affordable Housing Specialists (TAHS) to best assist you.

You can print out an Information About Brokerage Services form so you can review how representation works in Texas. This form will need to be signed, dated and returned to your Realtor® for their files in accordance with rules set by the Texas Real Estate Commission (TREC).

Credit Score Facts & Fallacies - click here to read article

Teacher/Educator Home Buyer Programs

visit the Teacher Home Buyer section of our website

The Texas First Time Homebuyer Program 

Down Payment Assistance Programs - Through the Texas Department of Housing & Community Affairs (TDHCA), below market interest rate mortgage loans are available through participating lenders to eligible families and individuals who are purchasing their first home or who have not owned a home in the past 3 years. Two types of loans are available under this program. An “Unassisted Rate” loan typically offers our lowest interest rate available and does not provide funds for down payment and closing cost assistance. For borrowers needing assistance with their down payment, an “Assisted Rate” loan is offered to income-eligible borrowers that provides grant funds up to 5% of the mortgage amount. These loans are offered at a slightly higher interest rate.  These programs may be on hold and out of funds - check the website for more information. 

In the Austin and Highland Lakes areas, loans up to $237,031 are available. 

Mortage Credit Certificate (MCC) Program

A Mortgage Credit Certificate allows the homebuyer to claim a tax credit for some portion of the mortgage interest paid per year. It is a dollar for dollar reduction against their federal tax liability.  Click on the link to view information about this program under TDHCA - MCC Program

The Mortgage Credit Certificate (MCC) Program increases a family's disposable income by reducing its federal income tax obligation. The tax credit is valid for the life of the loan as long as the borrower occupies the property as their primary residence.

For more information about the Texas First Time Home Buyer Program, click on this link. 

Texas State Affordable Housing Corporation

TSAHC works to fulfill its mission to provide safe, decent, and affordable housing, through innovative and unique programs.

        Professional Educators Home Loan Program

To be eligible for this program, a potential homebuyer must be a professional educator employed full-time in the education field.

*all information is subject to change without notice