City of Houston DPA Program
$19,500 down payment assistance
$200,160 maximum property sales price
Do not have to be a first time buyer ( but cannot currently own a home )
No asset limit
Must invest $500 into the home buying transaction
The applicant must have $1,000 in liquid assets.
Must complete an 8 hour homebuyer education course.
Must live in the home for at least 10 years for assistance to be forgiven.
Family size income limits:
1 / $35,750; 2 / $40,850; 3 / $45,950; 4 / $51,050; 5 / $55,150; 6 / $59,200; 7 / $63,300; 8 / $67,400
Houston Hope Program
$37,500 down payment assistance
$39,900 down payment assistance for teachers, police officers, fireman and EMS personal.
$200,160 maximum property sales price
Must invest at least $500 into the home buying transaction
Applicant must have $1,000 but not nore than $35,000 in liquid assets
Must live in the home for at least 10 years for assistance to be forgiven.
Family size income limits:
1 / $35,750; 2 / $40,850; 3 / $45,950; 4 / $51,050; 5 / $55,150; 6 / $59,200; 7 / $63,300; 8 / $67,400
City of Houston Workforce Housing Downpayment Assistance Program
Harris County DPA Program
$9,500 down payment assistance for resale properties
$14,200 down payment assistance for new construction
$120,000 maximum sales price of home
Must be a first time homebuyer
Must have one credit score of 620
Debt to income bottom ratio cannot exceed 42%
Must invest at least $350 toward the purchase of the home
Buyer cannot have more than $10,000 in liquid assets
Family size income limits:
1 / $35,750; 2 / $40,850; 3 / $45,850; 4 / $51,050; 5 / $55,150; 6 / $59,200; 7 / $$63,300; 8 / $67,400
Harris County Neighborhood Stabilization Program ( NSP Program )
Click on the web links tab on the upper left of this page for a description of this program
Some additional features are as follows:
Harris County will purchase the forclosed home & resell it to the applicant 20% below the purchase price.
Harris County will contribute half of the 3.5% down required FHA down payment.
The County will also pay for the rehab cost (up to $5,000), appraisal, title, inspection & survey
MCC Program ( Mortgage Credit Certificate )
Click on the web links tab on the upper left of this page for deccription of this program.
$8000 Tax Credit TDHCA Program
SETH DPA Program
Ft. Bend County
$200,160 maximum property sales price
$10,000 down payment assistance
Must be first time homebuyer
Must complete homebuyer education class
33% maximum top debt ratio based on SETH's income calculation
Buyer must contribute $500 of their own funds.
Family size income limits:
1 / $35,750; 2 / $40,850; 3 / $45,950; 4 / $51,050; 5 / $55,150
Montgomery County ( out of funds as of 17 September 2009 ) anticipate 3 months till re funded.
Pasadena ( out of funds as of 17 September 2009 ) anticipate 3 months till re funded.
