Texas Department of Housing & Community Affairs - Building Homes and Strengthening Communities
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Texas HOMEbuyer Assistance Program for Lenders

Overview

The Texas HOMEbuyer Assistance Program provides up to $20,000 in down payment assistance and closing costs for qualified homebuyers purchasing a single family home, condo, or new manufactured home in the counties of Bastrop, Blanco, Burnet, Caldwell, Hays, Travis (excluding the Austin city limits), and Williamson. Assistance is provided in the form of a 0% interest deferred, forgivable loan. Households do not have to be first time homebuyers to qualify.

Household Eligibility Requirements

Households must be prequalified for a mortgage loan and currently working with a licensed Residential Mortgage Loan Originator (http://www.sml.texas.gov). Households must occupy the home as their principal place of residences for the entire TDHCA HOME loan term to receive full forgiveness of the loan amount. Total household income cannot exceed 80% of Area Median Income for the county in which the home is located:

 
County 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons
Bastrop $42,500 $48,600 $54,650 $60,700 $65,600 $70,450
Blanco $35,800 $40,900 $46,000 $51,100 $55,200 $59,300
Burnet $33,050 $37,800 $42,500 $47,200 $51,000 $54,800
Caldwell $42,500 $48,600 $54,650 $60,700 $65,600 $70,450
Hays $42,500 $48,600 $54,650 $60,700 $65,600 $70,450
Travis $42,500 $48,600 $54,650 $60,700 $65,600 $70,450
Williamson $42,500 $48,600 $54,650 $60,700 $65,600 $70,450

NOTE: Income may be included that is excluded for other programs. TDHCA will verify income eligibility.

Property Requirements

The property must be a single family home, condo, or new manufactured housing unit that will pass a Housing Quality Standards (HQS) inspection and environmental clearance conducted by TDHCA. The property value must not exceed the Section 203(b) mortgage limits (pre-Economic Stimulus Act) established by HUD.

Bastrop Blanco Burnet Caldwell Hays Travis Williamson
$218,595 $200,160 $200,160 $218,595 $218,595 $218,595 $218,595

Additional Requirements

Additional limits and requirements as well as the application process are described in the Lender Tutorial (PDF). To request more information or a presentation in your offices, please email us at TexasHOMEbuyer@tdhca.state.tx.us.

Program Resources