The Texas Department of Housing and Community Affairs (TDHCA) has introduced the Freddie Mac HFA Advantage mortgage product to its Texas Homebuyer Program, catering to qualified first-time or repeat Texas homebuyers.

"TDHCA’s Texas Homebuyer Program provides a critical financial component to advancing homeownership in the state," expressed Bobby Wilkinson, TDHCA’s executive director, emphasizing the importance of the program.

Wilkinson further stated, "We’re excited to now offer the Freddie Mac HFA Advantage product and give future homebuyers another favorable mortgage option. We believe this addition will help augment an already healthy Texas housing market by encouraging low to moderate-income families to take the next step to fulfilling their dream of homeownership."

Freddie Mac has also expressed enthusiasm about the partnership, with Danny Gardner, Single-Family Senior Vice President of Mission and Community Engagement at Freddie Mac, stating, "We are proud to partner with TDHCA to offer our HFA Advantage product and responsibly make homeownership more affordable, sustainable, and accessible for Texans."

Gardner highlighted the benefits of the HFA Advantage product, mentioning, "As families look to buy a home during a busy spring homebuying season, HFA Advantage offers a supportive and flexible option for the qualified, lower income borrower."

The My Choice Texas Home program by The Texas Homebuyer Program offers a 30-year, low-interest rate mortgage with up to 5% down payment and closing cost assistance. Veterans and repeat homebuyers may be eligible for the Freddie Mac HFA Advantage product, applicable for the purchase of single-family homes, manufactured homes, and condominiums.

For more information on eligibility and program details, interested individuals can visit the official website at https://thetexashomebuyerprogram.com/.