The Texas Department of Housing and Community Affairs (TDHCA) offers a 10-ye
ar deferred forgivable 2nd mortgage for down payment and closing cost assist
ance, up to 4 percent of the first mortgage amount. The loan is offered at a
competitive interest rate and is amortized over 30 years.
A significant advantage of this program is that borrowers are not required t
o make monthly payments on the 2nd mortgage. All payments are deferred and
are eventually forgivable should the borrower occupy the h
