Low Down Payment Loan Options in Texas
The idea that you need 20% down to buy a home is one of the most persistent myths in homebuying — and one of the most expensive, since it keeps otherwise-ready buyers renting years longer than they need to. In reality, there are several legitimate paths to homeownership in Texas with 3% down, 0% down, or effectively no out-of-pocket down payment at all once assistance programs are factored in.
We help homebuyers throughout North Texas understand which of these options actually fits their situation — because “lowest down payment” and “best long-term deal” aren’t always the same program.
Comparing Your Options at a Glance
| Program | Minimum Down | Backed By | Best Fit |
|---|---|---|---|
| Conventional 97% | 3% | Fannie Mae / Freddie Mac | Good-credit buyers, especially first-time buyers |
| FHA | 3.5% | HUD | More flexible credit profiles |
| VA | 0% | U.S. Dept. of Veterans Affairs | Eligible veterans, active duty, and surviving spouses |
| USDA | 0% | USDA Rural Development | Income-qualified buyers in eligible areas |
| TSAHC / TDHCA Down Payment Assistance | Can bring effective down payment near $0 | State of Texas | Income-qualified buyers, paired with the programs above |
Ready to Talk Through Your Options?
With this many paths to a low or no down payment, the right answer depends entirely on your specific numbers. Let’s figure out which option actually serves you best.
Texas Mortgage Plan is a d/b/a of Legacy Mortgage, NMLS# 1759275. Equal Housing Lender.