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 details ⇒

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