First-Time Home Buyer in Katy, TX
Ready to buy your first home in Katy, Texas? With down payment assistance, low-down-payment loans, and Katy ISD schools, your dream of homeownership is closer than you think.
Your first home in Katy is waiting for you
First-Time Buyer Programs for Katy
Multiple programs can help you buy your first Katy home with minimal out-of-pocket:
TDHCA My First Texas Home
Up to 5% DPA
State Program
Fannie Mae HomeReady
3% down, reduced PMI
Conventional
FHA Loan
3.5% down, 580 credit
Government
SETH 5 Star Program
5% DPA grant
Local Program
Freddie Mac Home Possible
3% down option
Conventional
VA Loan (if eligible)
$0 down, no PMI
Military
Why First-Time Buyers Love Katy
Top Schools
Katy ISD is consistently ranked among Texas' best school districts.
Starter Home Options
Homes starting in the $250K-$350K range in great communities.
Young Families
Large community of young families and first-time buyers.
Great Location
Easy commute to Houston jobs via I-10 and Grand Parkway.
Value for Money
More home for your dollar compared to inner Houston.
Master-Planned
Amenity-rich communities with pools, trails, and parks.
Can You Afford a Katy Home?
Use our affordability calculator to see what you can afford as a first-time buyer in Katy.
Calculate AffordabilityFirst-Time Buyer FAQs - Katy
What first-time buyer programs are available in Katy, TX?
Katy first-time buyers can access TDHCA My First Texas Home (up to 5% DPA), Fannie Mae HomeReady (3% down), FHA loans (3.5% down), and various grant programs. Many can be combined for maximum savings.
How much do I need for a down payment in Katy as a first-time buyer?
You may need as little as 0-3.5% down in Katy. FHA requires 3.5%, conventional HomeReady requires 3%, and down payment assistance can cover most or all of this amount.
What credit score do I need to buy a home in Katy?
For Katy home purchases, FHA loans accept scores as low as 580 (3.5% down) or 500 (10% down). Conventional loans typically need 620+. Better scores get better rates.
Explore Katy Loan Options
Ready to Buy Your First Katy Home?
Let's explore your options and find the right program for your situation.