Home - Buying 101 Texas

Typically range from 2% to 5% of the purchase price. 2. Find a Texas-Licensed Realtor

The Texas Department of Housing and Community Affairs provides "My First Texas Home" loans with competitive interest rates. 5. Appraisal and Closing

Once you move in, don't forget to file for your Residence Homestead Exemption by April 30th of the following year to save significantly on your property taxes. Are you looking in a specific Texas city , or home buying 101 texas

Before looking at houses, you need to know what you can afford. Texas has no state income tax, but it does have some of the highest property tax rates in the country.

Get a pre-approval letter from a lender. This shows sellers you are a serious buyer in competitive markets like San Antonio or Fort Worth. Typically range from 2% to 5% of the purchase price

If you are a first-time buyer, several state-run programs can help with down payments:

The Texas State Affordable Housing Corporation offers down payment assistance and mortgage tax credits for teachers, police officers, and low-to-moderate income families. Texas has no state income tax, but it

A local expert is invaluable for navigating the contracts.