Texas § 2306.1074 ELIGIBILITY.

Texas Statutes

§ 2306.1074 — ELIGIBILITY.

Texas § 2306.1074

Code GVGovernment Code

This text of Texas § 2306.1074 (ELIGIBILITY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 2306.1074 (2026).

Text

Sec. 2306.1074. ELIGIBILITY.

(a)To be eligible for a mortgage loan under this subchapter, a homebuyer must:

(1)qualify as a first-time homebuyer under this subchapter;

(2)have an income of not more than 115 percent of area median family income or 140 percent of area median family income in targeted areas; and

(3)meet any additional requirements or limitations prescribed by the department.

(b)To be eligible for a loan under this subchapter to assist a homebuyer with down payment and closing costs, a homebuyer must:

(1)qualify as a first-time homebuyer under this subchapter;

(2)have an income of not more than 80 percent of area median family income; and

(3)meet any additional requirements or limitations prescribed by the department.

(c)The department may contract with other agencies

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Sec. 2306.1074. ELIGIBILITY. (a) To be eligible for a mortgage loan under this subchapter, a homebuyer must:
(1) qualify as a first-time homebuyer under this subchapter;
(2) have an income of not more than 115 percent of area median family income or 140 percent of area median family income in targeted areas; and
(3) meet any additional requirements or limitations prescribed by the department.
(b) To be eligible for a loan under this subchapter to assist a homebuyer with down payment and closing costs, a homebuyer must:
(1) qualify as a first-time homebuyer under this subchapter;
(2) have an income of not more than 80 percent of area median family income; and
(3) meet any additional requirements or limitations prescribed by the department.
(c) The department may contract with other agencies of the state or with private entities to determine whether applicants qualify as first-time homebuyers under this section or otherwise to administer all or part of this section.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 1029 (H.B. 1637 ), Sec. 1, eff. September 1, 2007. Added by Acts 2007, 80th Leg., R.S., Ch. 1341 (S.B. 1908 ), Sec. 2, eff. September 1, 2007.