TDHCA Bond 77 Program – New Texas Zero Down Program

(Last Updated On: March 4, 2016)

Just when you thought the First Time Home Buyer Credit was gone Texas Pulls an Ace Called the TDHCA Bond 77 Program

As your Texas Certified Mortgage Coach and Sr Mortgage Banker I am pleased to announce Late-May Just in time for Memorial day TDHCA will be releasing a new bond program which is a new Zero Down Home Loan and to help buyers with their down payment when purchasing a a home.  The name of the program is “Bond 77” and it is the largest allotment from the State of Texas to date.  It is said to be stocked with $500 million in funding.  This is just in time to fill the vacuum left behind by the Federal $8,000 First Time Home Buyer Tax credit.  With generous income limits and available to both first time and existing home buyers this alternative for down payment will certainly be a home run.

UPDATE: This down payment assistance (DPA) program is out of funds and was last checked Friday June 23rd.  This information is accurate as of that date.  Please call our office at our contact page for more information on the 100% financing and first time home buyer tax credit programs available in your area.


These programs are available exclusively through Select Mortgage Banks as determined by TDHCA,  to qualify for these programs you may Apply Online here or simply call  our contact page  .

The interest rates will be locked for 30 years.  The Fees will be severely restricted so it will be good for borrowers.  It will provide up to 5% towards the down payment and closing costs.  This will be treated as a silent Second Lien that will have no interest, No payments and does not have to be repaid as long as the borrower resides at the primary residence.  It is available to, depending on the area, first time AND existing home buyers in targeted areas.

Note: this is NOT a permanent program and funds will be allotted on a first come first serve basis and when funds run out the program will terminate when funds are exhausted.  Details of the program are located here.

These programs are available through through Select Mortgage Banks as determined by TDHCA,  to qualify for these programs you must be able to qualify for a regular FHA Mortgage.  If you cannot qualify and be approved by a TDHCA Approved Lender you cannot receive the funds for bond 77.  To see if you qualify you may fill out our online application here to start the process or simply call  our contact page  .

Texas Deparment of Housing and Community Affairs - TDHCA

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