Affordable Home Loans and Down-Payment Help for Texas Educators

The Texas State Affordable Housing Corporation on August 4 announced a new, lower mortgage interest rate of 4.50 percent plus a 3-percent grant to help with down payment and closing costs. This new rate deal is effective on the TSAHC’s Professional Educators Home Loan Program. For more information, visit, or contact Paige McGilloway at (888) 638-3555, extension 3561.

The TSAHC is a statewide non-profit entity empowered by the legislature to serve the housing needs of underserved populations, including Texas educators who are first-time home-buyers. Additional information on eligibility criteria and how to apply for a loan and down-payment grant can be found at the Web site noted above.