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HOW DO I QUALIFY FOR DOWN PAYMENT ASSISTANCE?
The
City the Houston offers a variety of downpayment assistance programs to
help potential homebuyers purchase new or existing homes. Below
are some of the requirements of current programs. Additional
requirements may apply. This information is subject to change without
notice.
 |
Currently not a property owner |
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Sales Price, Household income, and other requirements: |
| |
Home Buyer
Assistant
Program |
Houston
Hope
Program |
Workforce
Housing
Program |
|
Sales Price Maximum |
$200,160 |
$200,160 |
$150,000 |
Area Median
Income (AIM) Limit |
Up to 80% AMI |
Up to 80% AMI |
80% to 110% AMI |
|
Qualifying Areas |
City-Wide |
Houston Hope and
Revitalization Areas-
ONLY |
Houston Hope and
Revitalization Areas-
ONLY |
|
Funding Amount(s) |
$19,500 |
$30,000 |
$30,000 |
|
Property Age |
New or Existing
Properties |
New or Existing
Properties |
New
Properties |
|
Affordability Period |
10 Years |
10 Years |
10 Years |
|
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Ability to obtain a mortgage loan and invest at least $500 in the deal |
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If you or someone you know meets the
above
requirements then click on the Down Payment Assistance links below |
Source: City of Houston
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