Texas Home Buyer Assistance Information andTelephone Numbers
Texas First Time Home Buyer Programs
Home buyers and their Realtors should be aware of programs available to assist first time home buyers with down payment assistance.
As of July 7, 2009, The State of Texas Department of Housing and Community Affairs (TDHCA) released $7.5 million in funds available for two new loan programs for first time home buyers. The first program will provide an advance on the $8,000 first time home buyer federal tax incentive that can be used towards their down payment.
Approximately $5 million will go towards a 90 Day down Payment Assistance Program (DPAP). The program offers a 90 day interest free loan to qualified first time home buyers in amounts equal to 5% of the total purchase price of a home, with a maximum loan of $7,000. This will help first time home buyers who do not have enough money saved for a down payment and closing costs to be able to purchase a home. After the closing, the home buyer can amend their 2008 return to file for their tax refund credit. If the loan is not repaid in 90 days, then it will be restructured over two years at 10% interest.
The second program is the Mortgage Assistance Program, which provides loans up to 5% of the total purchase price, with a maximum loan of $6,000. Loans under this program qualify for a 120-day interest free period. This program is available only in conjunction with the Texas First Time Homebuyer or Texas Mortgage Credit Certificate (MCC) programs sponsored by TDHCA.
These two programs are geared towards lower income limitations. Home buyers must complete a homeownership class and also pay a $250.00 fee in addition to normal closing costs. Under the programs, first time home buyers mean anyone who has not owned a home in the past three years. You must have good credit as well to qualify.
Other programs available are as follows:
|
Abilene First Time Home Buyers (FTHB) Program |
$3,000 |
(915) 676-6363 |
|
Arlington Homebuyers Assistance Program (AHAP) |
$4,000 |
866-231-5843 |
|
Athens Homebuyer Assistance Program (HAP) |
$7,500 |
(903) 677-6610 |
|
Austin Housing Finance Corporation Home Down payment Assistance Program (HDPA) |
$5,000 |
(512) 499-3149 |
|
Brazoria County First Time Homebuyer Program |
$5,000 |
(979) 864-1860 |
|
Bryan Down Payment Assistance Program (DA) |
$12,500 |
(979) 209-5183 |
|
College Station Down payment Assistance Program |
$15,000 |
(979) 764-3810 |
|
Corpus Christi Home Buyer Program (HBP) |
$3,000 |
(361) 880-3010 |
|
Corpus Christi New Construction Homebuyer Program (NCP) |
$20,000 |
(361) 880-3010 |
|
Dallas County Upfront Cost Assistance (UPCAP) Program |
$3,000 |
(214) 819-6060 |
|
Dallas Mortgage Assistance Program (MAP) |
$13,500 |
(214) 651-7789 |
|
Dallas Piedmont/Seyene Housing Trust Fund Homeowner Assistance Plan |
$14,000 |
(214) 943-9007 |
|
Denton Homebuyer Assistance Program (HAP) |
$19,900 |
(940) 349-7726 |
|
El Paso Housing Assistance Program (HAP) |
$20,000 |
(915) 541-4888 |
|
CIty of Fort Worth Assistance Programs |
Pending |
(817) 392-7328 |
|
Garland NU STAR Infill Program (INFILL) |
$10,000 |
(972) 205-3321 |
|
Garland Village of Eastgate Homebuyer Assistance Program (HAP) |
$8,700 |
|
|
Greenville Homebuyer Assistance Program (HAP) |
$5,000 |
(903) 457-3160 |
|
Harlingen Community Development Corporation Homebuyers P) |
$40,000 |
(956) 421-2351 |
|
Harris County HACH Public Housing Homeownership Program (PHHP) |
$25,000 |
(713) 260-0763 |
|
Harris County Mortgage Assistance Program (MAP) |
$35,000 |
(713) 578-2000 |
|
Harris County/Houston City-Homebuyer Assistance Program (HAP) |
$9,500 |
(713) 644-8488 |
|
Hidalgo County Homebuyer Assistance Program (HAP) |
$5,000 |
(956) 318-2619 |
|
Houston Alliance for Multicultural Community Services The Alliance IDA Program (IDA) |
$4,000 |
(713) 776-4700 |
