Texas

Down payment assistance for Texas

Two programs listed below can help with the cost of buying a home in Texas, and each can sit inside a riba-free structure.

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TSAHC DPA Program

TSAHC provides down payment assistance grants and deferred loans that first-time homebuyers can use as a leverage to successfully purchase their first home. These programs are offered by the state through a network of approved mortgage lenders.

Learn more about the program here

Requirements

Credit scores as low as 620

No max DTI w/AUS approval

Low fees

Third Party Originators allowed

FHA manual underwrites allowed up to 43% DTI with no additional fee (640 minimum FICO score required)

FHA non-traditional credit allowed with no additional fee

Income limits vary by county. Expanded income limits available in targeted areas.

Mortgage Credit Certificate

The Mortgage Credit Certificate program by the TSAHC is special tax credit that reduces a home buyer's federal income tax liability every year. Exclusively for first-time home buyers and Not a Down Payment Assistance program.

Learn more about the program here

Requirements

No minimum credit score or maximum DTI requirements

Must be combined with TSAHC's Down Payment Assistance

Income limits vary by county. Expanded income and purchase price limits available in targeted areas

Preferred professional

Your preferred professional in Texas

Realtors who know the Ijara™ structure, working with buyers in Texas.

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Available programs

Features of Sharia-compliant programs

Through partnerships with investors, ijaraCDC offers a diverse list of programs that will fit the needs of any Muslim home buyer.

No Credit Program

Get a home even without established credit history.

Low Credit Program

Low credit score? No problem!

VA Program

Take advantage of VA housing offers for veterans.

Down Payment Assistance

Get up to 3.5% grant for your down payment.

USDA 100% Financing

100% financing for homes in USDA-designated areas.

Physician Program

Helping residents reside in their forever homes the sharia way.

Frequently asked questions

Texas down payment questions

Our team answers by phone or email during business hours, and confirms what is available where you are buying.

Is down payment assistance available in Texas?

Yes. The two programs listed above can help with the cost of buying in Texas, and ijara CDC can pair them with a riba-free structure.

Can DPA be used with Sharia-compliant financing?

Yes. The assistance covers your contribution to the co-ownership, and the agreement itself stays free of riba.

How much can I receive?

It depends on the program and your household income. Contact us for the current position where you are buying.

How long does pre-qualification take?

About ten minutes, and it does not affect your credit.

What can I finance in Texas?

Residential and commercial property, plus residential and auto conversions from an existing riba-bearing loan.