#United States #Dallas #Real Estate #Texans Credit Union #Homebuyer Program

Texans Credit Union Launches First-Time Homebuyer Program

In a bid to empower aspiring homeowners in a challenging market, Texans Credit Union has introduced its First-Time Homebuyer Program, offering innovative pathways to homeownership. This initiative comes at a time when potential buyers are facing significant hurdles, particularly in terms of affordability and rising interest rates.

Addressing Affordability Challenges

According to data from the National Association of Realtors, while there was a minor increase in existing home sales by 2% in July 2025, overall activity remains at its lowest in a year. In this context, the Texans Credit Union program aims to instill renewed confidence among prospective homeowners by addressing the most pressing concerns of first-time buyers.

With homeownership rates on the decline, dropping to 65.0% in the second quarter of 2025 as reported by the U.S. Census Bureau, it is clear that soaring prices and increased borrowing costs are keeping many from achieving their dreams of owning a home. This is why the new program from Texans Credit Union is timely and crucial.

Program Features

The First-Time Homebuyer Program consists of three distinct options tailored to meet the needs of buyers struggling with the current market conditions:

1. Low-Down-Payment Mortgages: These loans require as little as 3% down, significantly lowering upfront costs and easing the financial burden for first-time buyers.

2. Flexible-Rate Loans: Designed to maintain lower initial monthly payments, these loans provide flexibility, allowing buyers to enter the market without the strain of high fixed payments from day one.

3. Home Extra 105 Package: This unique offering finances up to 105% of the loan-to-value ratio, effectively covering both the home purchase price and associated closing costs. It also comes with flexible terms, ensuring much-needed support during the buying process.

By offering quick online preapprovals and access to local experts, Texans Credit Union is streamlining the journey to homeownership. The goal is to make the experience less daunting and more accommodating for buyers.

Angie Jackson, vice president of real estate lending at Texans Credit Union, stated, "First-time buyers currently face immense pressure from all sides, including affordability and availability. We have developed these solutions to alleviate some of that burden and partner with our members, guiding them through this complex market."

A Legacy of Support

With over 70 years of service to Texans, the introduction of this First-Time Homebuyer Program reflects Texans Credit Union's longstanding commitment to prioritizing the financial wellbeing of its members. The institution continuously strives to adapt to the evolving needs of its clients, especially during challenging times.

Despite the economic climate, the cooperative remains focused on providing practical assistance to families eager to purchase their first homes. The blend of customizable lending options and personalized guidance aims to ensure that homeownership is within reach for many, even in a less favorable environment.

For individuals interested in exploring the First-Time Homebuyer Program, additional information can be accessed directly through the Texans Credit Union website or by calling their office at 972-348-2253.

Conclusion

The launch of Texans Credit Union's First-Time Homebuyer Program represents a positive move towards overcoming the impact of rising costs and low inventory on new buyers. By putting customers first and offering tailored support, Texans Credit Union is playing a vital role in navigating the increasingly complex journey to homeownership in Texas.