Down Payment Assistance Programs in Granbury, TX: Your Path to Buying

For many would-be homeowners, the down payment is the biggest hurdle. With the right programs, buyers can significantly reduce—and sometimes eliminate—the upfront costs, making homeownership more attainable. In Granbury, TX, several statewide and local programs can help—and owning may even cost less per month than renting.

Texas State Affordable Housing Corporation (TSAHC)

TSAHC offers powerful assistance programs like "Home Sweet Texas" and "Homes for Texas Heroes." These programs provide down payment support—often up to 5% of the loan amount—through grants or forgivable second lien loans. If you remain in the home for a specified period (commonly three years), the assistance can be completely forgiven Texas Housing Corporation+1HAR.comReddit.
"TSAHC offers some of Texas's best down payment assistance programs...homebuyer education courses are also offered" HAR.com.

Texas Department of Housing & Community Affairs (TDHCA)

The My First Texas Home program offers up to 5% down payment and closing cost assistance, either as a forgivable or low-interest second loan; eligibility often includes first-time buyers and veterans MFPHAR.com.

Homeownership Across Texas (HAT)

HAT provides grants of 3%–5% of the loan amount—depending on mortgage type (FHA, VA, USDA, or conventional)—to qualified homebuyers across the state, with no repayment required and no recapture periodhomeownershipacrosstexas.com.

Federal Loan Options with Low or No Down Payment

Several federal programs serve as valuable alternatives or additions to down payment assistance:

• VA Loans: 100% financing, no down payment, and no PMI for eligible veterans and service members MFP.

• USDA Loans: Zero down required for rural buyers and reduced mortgage insurance MFP.

• FHA Loans: Require as little as 3.5% down and can be combined with assistance or gift funds MFP.

Real-World Impact

Programs often include forgivable loans or grants that dramatically lower up-front costs. One Texas first responder saved tens of thousands in down payment using a TSAHC-backed forgivable second lien loan while paying just 3% upfront—making owning far more feasible than continuing to rent MarketWatch.

When Buying Costs Less Than Renting

Consider this:

• Rental prices in Granbury can surpass a mortgage payment—even with incidental costs—especially when assistance offsets much of the upfront burden.

• You build equity in a home, gaining long-term financial value.

• Assistance options like forgivable grants keep costs manageable and make ownership competitive with—even cheaper than—monthly rent.

Summary: Which Program Fits You?

ProgramAssistance TypeHighlightsTSAHC - Home Sweet Texas / HeroesGrant or forgivable second lienUp to 5%, forgivable after ~3 years Texas Housing Corporation+1RedditTDHCA - My First Texas HomeGrant / low-interest loanUp to 5%, first-time buyers & veterans MFPHAR.comHATGrant (no repayment)3–5% of loan, widely available homeownershipacrosstexas.comFederal Loans (VA, USDA, FHA)Minimal or zero downGenerous financing, no/low down payment MFP

Next Steps

1. Explore eligibility for TSAHC, TDHCA, or HAT through participating lenders.

2. Compare monthly costs of renting vs. owning with assistance.

3. Get pre-qualified for a loan to begin house hunting.

Down payment assistance programs in Granbury, TX make homeownership more accessible—and in many cases, more affordable than renting. Whether you're a first-time buyer, veteran, or seeking a smart financial move, these programs are worth exploring!