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Downpayment assistance is available to qualified buyers for home ownership.

• Until further notice, the amount of Harris County's down payment assistance for new and pre-existing homes is up to $23,800.00. Pre-existing homes must be built within the last 20 years. 

Homebuyer Information:

• Buyer must meet income requirements (see income chart below)

• Home must be in an unincorporated area of Harris County (cannot be in the City of Houston, Pasadena, or Baytown)

• Homebuyer must be a 1st time homebuyer, or not have owned a home for three years prior to applying for assistance, or have lost previous home in extenuating circumstances such as a loss due to a fire, flood, or hurricane

• Buyer must be credit and program approved through one of Harris County's approved mortgage lenders.

• Buyer must have at least $350 or 1/2 of lenders required down payment to invest in the purchase.

• Buyer must have at least one credit score of 620

• Buyer's debt front end ratio cannot exceed 39% and DTI cannot exceed 42%

• Buyer cannot have more than $10,000 in liquid assets such as cash, stock or bonds

• To begin the DAP process, all applicants must attend a homebuyer certificate program from a HUD approved homebuyer education course provider and select a Harris County approved mortgage lender.

• To participate in this program, you must live in the new or pre-owned house for a minimum of 5 or 10 years

Your income is not totally determined from your paycheck.  It is also determined by use of your checking, savings, investment, and retirement accounts at a rate of 2 percent, plus any other forms of income you might receive, such as child support, reoccurring gifts, etc.

Call us about the program above to locate participating lenders in your area. The list includes addresses and contact information.

If you have more questions, please do not hesitate to Email me or contact me at 713-589-3234 for more information.