The purpose of the Texas First-Time Homebuyer Program is to facilitate the origination of single-family mortgage loans for eligible first-time homebuyers, provide to qualifying homebuyers down payment and closing cost assistance, and to make available to qualifying first-time homebuyers mortgage credit certificates.

Source Note:The provisions of this §7.1 adopted to be effective December 2, 2007, 32 TexReg 8436.