RICHARDSON, Texas – Texans Credit Union has launched a First-Time Homebuyer Program that it says offers three new pathways to homeownership, especially when affordability is challenging many.
The program is designed to tackle some of the biggest hurdles facing first-time buyers — rising prices and higher interest rates, according to the $2.3 billion Texans.
Texans Credit Union’s First-Time Homebuyer Program includes three “tailored loan options that directly address affordability barriers,” including:
• Low-down-payment mortgages requiring as little as 3% down, which help reduce upfront costs.
• Flexible-rate loans structured to keep initial monthly payments lower, giving buyers room to enter the market without being locked into high fixed payments.
• The “Home Extra 105” package, which finances up to 105% loan-to-value — covering the purchase price and providing closing cost credits — pairing flexible loan terms with closing cost support, the credit union said.
‘Simpler and More Supportive Path’
“By combining fast online preapprovals, flexible loan options, and access to local experts, Texans Credit Union is creating a simpler and more supportive path to homeownership,” the credit union said in a statement.
“First-time buyers are feeling the squeeze from every angle right now — from affordability to availability,” Angie Jackson, vice president of real estate lending at Texans Credit Union, said in a statement. “We brought these solutions to the table in order to take some of the weight off their shoulders. Our members don’t have to figure it out alone; they have a partner helping them navigate today’s market and take that all-important first step toward homeownership.”
Texans CU has approximately 135,000 members.
