#United States #Dallas #Texans Credit Union #Homebuyer Program #Housing Challenges

Texans Credit Union Launches First-Time Homebuyer Program

In a significant move aimed at addressing rising barriers in the housing market, Texans Credit Union has unveiled its First-Time Homebuyer Program. This initiative comes at a critical time when many potential buyers are finding themselves sidelined due to increasing affordability challenges.

According to recent reports from the National Association of Realtors, although existing home sales experienced a slight increase of 2% in July, overall market activity remains at its lowest in over a year. Recognizing the struggles faced by first-time buyers, Texans Credit Union is now offering three unique pathways to help ease these financial burdens and facilitate a smoother transition into homeownership.

Key Features of the Program

The new program introduces several tailored loan options to tackle the prevalent issues of rising home prices and fluctuating interest rates. These options include:

• - Low-Down-Payment Mortgages: Allowing as little as 3% down payment, this option helps decrease upfront costs, making homeownership more accessible.
• - Flexible-Rate Loans: Designed to maintain lower initial monthly payments, these loans provide entry into the market without the immediate pressure of high fixed payments.
• - Home Extra 105 Package: This innovative offering finances up to 105% of the purchase price, including closing cost credits. It pairs flexible loan terms with essential closing cost support.

By providing rapid online pre-approvals, flexible financing choices, and localized expert support, Texans Credit Union is creating a more manageable and supportive environment for those seeking to purchase their first home.

Addressing Current Housing Market Trends

The rise in homeownership rates has been a recurrent narrative in recent years, yet the statistics tell a different story. Recent U.S. Census Bureau figures indicate that the homeownership rate fell to 65.0% in the second quarter of 2025, hitting its lowest mark since 2019. This downward trend highlights the severe impacts of high prices and increased borrowing costs, which continue to affect buyers looking to make their first purchase.

Angie Jackson, the Vice President of Real Estate Lending at Texans Credit Union, expressed the urgency of finding solutions for first-time buyers. "These individuals are feeling overwhelmed by various challenges right now, from soaring costs to a lack of available properties. We designed these solutions to alleviate some of this pressure. Purchasers don’t need to navigate this complex marketplace alone; we’re here to guide them step by step toward homeownership."

Texans Credit Union has a proud history of serving Texas residents for over seventy years, focusing on the financial well-being of its members. With the introduction of the First-Time Homebuyer Program, they are continuing this tradition by providing practical support and innovative financial products that empower members to advance confidently in today’s challenging market.

Despite the obstacles in the housing sector, Texans Credit Union remains committed to helping more Texans achieve their dream of homeownership. The combination of tailored lending options with personalized assistance is designed to make owning a home a more attainable goal for many, especially during these economically trying times.

For those interested in learning more about the First-Time Homebuyer Program and how it may benefit them, further details can be found on Texans Credit Union's website or by contacting their team directly at 972-348-2253.

About Texans Credit Union

Founded in 1953, Texans Credit Union is a full-service financial cooperative dedicated to serving the residents of Texas. With a mission centered around empowering members to reach their financial objectives, the Union offers a comprehensive range of banking, lending, and investment services all accompanied by personalized support. To learn more, please visit texanscu.org.