Texas Down Payment Assistance Programs

Not always. Some programs are designed for first-time homebuyers, while others also permit eligible repeat buyers. Many programs define a first-time buyer as someone who has not owned a principal residence during the previous three years. Certain veterans and buyers purchasing in designated areas may also qualify for exceptions.

Credit requirements vary by assistance program, loan type and lender. You must qualify for both the first mortgage and the assistance program. We will review your credit, income, debt-to-income ratio and property location to identify the programs that fit your complete financial profile.

Sometimes, but not always. Assistance may be structured as a grant, a forgivable second loan or a deferred-payment second loan. Some options require repayment if you sell, refinance, pay off the first mortgage or move out before the required period ends. We will explain every repayment condition before you choose a program.

Depending on the program, assistance may be used toward the required down payment, eligible closing costs, prepaid expenses or principal reduction. Some programs may also be combined with other eligible assistance. The permitted uses and maximum amount depend on the individual program and financing structure.

It can. Some assistance options come with a different interest rate or loan structure than financing without assistance. That is why we compare the rate, monthly payment, cash required at closing and any future repayment obligation—not just the advertised assistance amount.

Start with a mortgage prequalification before entering a contract. We will review your income, credit, debts, available funds, loan type and intended property location. We can then compare statewide, local and lender-specific programs and explain which options are currently funded and available.