Modern Mortgage

TDHCA Programs:

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Basic Requirements:
 Up to 5% Down Payment Assistance Offered
 Minimum Credit Score of 620 Required
 Must be First Time Home Buyer
 Can use as a combo loan with MCC
 3 Years of Tax Returns or Tax Transcripts Required
 Household Income includes the Borrower’s current gross income, as well as that of anyone else
who is expected to live in the Residence and become liable on the Deed of Trust or Mortgage
(including a non-purchasing spouse)

Income Limits for Bastrop, Caldwell, Hays, Travis, & Williamson Counties:
Non-Targeted 1 or 2 Person Family-$110,300
Non-Targeted 3 or 4 Person Family-$126,845
Targeted 1 or 2 Person Family-$132,360
Targeted 3 or 4 Person Family-$154,420

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Basic Requirements:
 Up to 5% Down Payment Assistance Offered
 Minimum Credit Score of 620 Required
 The Borrowers do not have to be a First Time Home Buyer
 Only the Borrowers Income will be considered. The non-purchasing spouse’s income will not be
included in the calculation.
 3 years of Tax Returns of Tax Transcripts Required

Income Limits for Bastrop, Caldwell, Hays, Travis, & Williamson Counties:
Non-Targeted Any Family Size-$137,875
Targeted Any Family Size-$154,420

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Basic Requirements:
 There is a Stand Alone Option or you can Combine with the My First Texas Home Program
 The borrower must provide last 3 years of Tax Returns or Tax Transcripts
 There is a $275 Compliance Fee and $400 MCC Fee to use the Stand Alone Program
 Must be First Time Home Buyer
 The borrower is able to use the tax credit in the future
 All Borrowers must complete a Mortgage Credit Certificate Course and Home Buyer Education
Course
 There are no Fico or DTI Requirements for the Stand Alone Program
 The Stand Alone MCC can be combined with a Government or Conventional, 15 or 30 year fixed
Rate First Mortgage.

Income Limits for Bastrop, Caldwell, Hays, Travis, & Williamson Counties:
Non-Targeted 1 or 2 Person Family-$110,300
Non-Targeted 3 or 4 Person Family-$126,845
Targeted 1 or 2 Person Family-$132,360
Targeted 3 or 4 Person Family-$154,420

Click below to see if the property is in a TDCHA targeted area!
TDCHA Target Areas

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