HousingWireHousingWire
Texans Credit Union launched its first-time homebuyer program on Thursday, introducing three new loan options to spur home purchase activity.
The three loan options include:
- Low down payment mortgages that require as little as 3% down.
- Flexible-rate loans
- The “Home Extra 105” package, which finances a loan-to-value (LTV) ratio of up to 105% to cover the entire purchase price and provide closing cost credits
“First-time buyers are feeling the squeeze from every angle right now — from affordability to availability,” Angie Jackson, vice president of real estate lending at Texans Credit Union, said in a statement.
“We brought these solutions to the table in order to take some of the weight off their shoulders. Our members don’t have to figure it out alone; they have a partner helping them navigate today’s market and take that all-important first step toward homeownership.”
Nationally, homeownership rates have trended downward in recent years. According to the U.S. Census Bureau, the overall homeownership rate slipped to 65% in the second quarter of 2025, marking the lowest level since 2019.
And despite existing-home sales posting a 2% uptick from June to July, sales activity still sits at its lowest point in the past year, according to data from the National Association of Realtors (NAR).
Founded in 1953, Texans Credit Union operates 11 branches across Texas. It provides financial products and services to more than 120,000 members and manages roughly $2.1 billion in assets, per the company’s website.