A ‘first time residence purchaser Texas’ refers to people or households buying a property in Texas as their main residence and haven’t owned a house throughout the final three years.
This distinction issues as a result of first-time residence patrons in Texas take pleasure in distinctive advantages, together with decrease down cost necessities, particular mortgage packages, and tax incentives. Traditionally, Texas has been a well-liked vacation spot for first-time residence patrons attributable to its robust economic system and comparatively reasonably priced housing market.