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What Kind of Assistance is Available?
If owning a home is on your wish list, Central Texas Housing Consortium (CTHC) may be able to help.  The Homeownership Program offers down payment assistance to first time homebuyers, including people who have not owned a home within the last three years.  This assistance can help defray all or part of approved up-front costs.  Households with an income at 80% or below the area median income may qualify for $10,000 from CTHC with an additional $5,000 from the City of Temple in the form of ten-year deferred, forgivable loans at zero percent interest.  Applicants with incomes between 81 - 100% of the area median may qualify for $5,000 assistance.  Potential homebuyers must also be able to qualify for a mortgage loan and generally afford a monthly house payment of $850 - $950. 

If your income falls within the limits listed below, you may be eligible for this program.  The income amounts shown are the maximum amount allowed for each category.

Income Limits established by HUD - effective 6/6/2016

Down Payment
Assistance

Family Size

1

2

3

4

5

6

7

8

$10,000

Maximum Income
(
80% of area median)

 $33,250

$38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650
$5,000

Maximum
Income
(81% - 100%
 of area median)

$41,500 $47,450 $53,370 $59,300 $64,050 $68,800 $73,550 $78,300

After you have pre-qualified for a mortgage loan, you will then be referred to the participating builders to choose the house that best suits your financial and physical needs.

What Type Homes Are Built?
The houses in this program are new construction and will generally range in size from 1,100 to 1,280 square feet, with 2 to 4 bedrooms, 1 or 2 bathrooms, central heating and air conditioning and energy efficient components.

Homes Sites Available
 

TEMPLE

   * Heritage Village

Please call, write, visit or email us for details!

Please check the Texas State Affordable Housing Corporation 
website for additional home buyer assistance options.
Texas State Affordable Housing corporation

 

Location 700 West Calhoun Avenue, Temple, Texas 76501 
Mailing Address P.O. Box 1326, Temple, Texas 76503-1326
Phone:   (254) 773-2009 ext. 202
Fax:  (254) 773-1958
Email:   cbarnes@cthc.org