For home buyers & families

Owning a home may be closer than you think.

As a Realtor® with 940 Realty, LLC, I help families buy their first home and move up to the next one. Many renters could qualify to buy, sometimes with a monthly payment close to their rent. Here's what's for sale, how financing works, and the Texas programs that help with the down payment.

Search homes for sale Down payment help

How buying works

From "just looking" to keys in hand

  1. Talk budget

    We go over what you want and what you can comfortably afford each month.

  2. Get pre-approved

    A lender confirms your loan amount and checks whether you qualify for assistance.

  3. Tour homes

    I'll point out repair issues and red flags I've learned to spot as a property manager.

  4. Make an offer

    Priced from recent sales, with terms that protect you.

  5. Inspect & appraise

    Option period, inspection, repair negotiations and appraisal.

  6. Close

    Final walkthrough, sign, and get your keys. Then file your homestead exemption.

Loan options

You probably don't need 20% down.

Most buyers here use one of these. A lender can tell you which ones you qualify for. I'm happy to introduce you to local lenders I trust.

Couple looking at a tablet among moving boxes in their new home

As little as 3% down

Conventional

Best for buyers with solid credit. Mortgage insurance can be removed once you reach 20% equity.

3.5% down

FHA

More flexible on credit scores and debt-to-income. Popular with first-time buyers and pairs well with down payment assistance.

0% down

VA

For eligible veterans, active-duty service members (including Sheppard AFB) and some surviving spouses. No monthly mortgage insurance.

0% down

USDA

For moderate-income buyers in eligible rural areas. Some communities outside Wichita Falls city limits may qualify, so check the address on USDA's eligibility map.

Texas veterans

Texas Veterans Land Board

State home loan program for Texas veterans and military members, used together with a participating lender.

Tax credit

Mortgage Credit Certificate

Turns part of your mortgage interest into a federal tax credit (up to $2,000 a year) for as long as you live in the home. Available through Texas state housing programs.

Down payment assistance

Texas programs that help with down payment & closing costs

These programs have income and purchase-price limits, and their terms change. Confirm current details with a participating lender before you count on them.

TDHCA · first-time buyers

My First Texas Home

Texas Department of Housing and Community Affairs program: a 30-year fixed mortgage plus down payment and closing-cost assistance.

  • Generally for buyers who haven't owned a home in 3 years (veterans may be exempt)
  • Income and price limits by county

TDHCA · not limited to first-time buyers

My Choice Texas Home

A similar mortgage-plus-assistance package for buyers who have owned a home before.

  • Income limits apply
  • Homebuyer education required

TSAHC · teachers, first responders, veterans

Homes for Texas Heroes

Texas State Affordable Housing Corporation program for teachers, police, firefighters, EMS, corrections officers, nurses and allied health workers, and veterans.

  • Assistance as a grant or a deferred forgivable loan
  • Income limits apply

TSAHC · low-to-moderate income

Home Sweet Texas

Down payment assistance for low-to-moderate income buyers in any profession. You don't have to be a first-time buyer.

  • Assistance as a grant or a deferred forgivable loan
  • Income limits apply

Ask me about local programs and lender credits too. Some are only available through specific local lenders.

Buyer tools

Monthly payment estimator

See what a home would cost each month and compare it with your rent. Sample numbers are filled in to start.

Estimated monthly payment

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Principal & interest
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Property tax
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Insurance
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Down payment
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Compared with your rent
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Estimate only. Doesn't include mortgage insurance (PMI/MIP) or VA/FHA funding fees. The tax rate varies by address, and a homestead exemption lowers it.

Selling?

Sell it, or rent it out? I can price it both ways.

If you're moving, including on PCS orders, I'll put a sale estimate next to a rent estimate so you can compare. If you keep it, Wortham PM can manage it for you.

Get a home valuation
Two-story brick home with a front lawn
  • Comparative market analysis with a recommended list price
  • Walkthrough prep advice on which repairs are worth making
  • Professional photos, MLS and online marketing
  • Weekly showing feedback
  • Offer review, negotiation and coordination through closing