Contact us to find out
what financial assistance programs you may qualify for. Fill
out our Mortgage
Analysis Worksheet for a quick way to
get pre-qualified for a mortgage loan.
CITY OF AUSTIN DOWN PAYMENT ASSISTANCE*
Homebuyer Resources Down Payment Assistance Program
The Down Payment Assistance Program (DPA) provides qualified,
first-time homebuyers, with a zero interest loan to assist
with purchasing a home located within the Austin City Limits.
DPA funds cover the down payment and eligible closing costs
and pre-paid expenses associated with buying a home.
Eligibility: The
DPA Program serves first-time homebuyers who are citizens
or legal permanent residents, and whose entire household earns
no more than 80% of the Austin Median Family Income established
by the federal government. All borrowers must also complete
the Housing Smarts homebuyer education classes before their
lender submits the DPA application.
MORTGAGE CREDIT CERTIFICATE
(MCC)
The MCC program gives a qualified home buyer a tax rebate
for a portion of the mortgage interest paid annually. This
amount can be used to increase the amount you qualify for
to help you buy the house you desire. To find out if you qualify
to use these programs or if you have questions about how they
work, contact us for
a no cost mortgage analysis.
*Terms and conditions
for any of the listed programs, public or private, may change
without notice. Please contact us to confirm availability
and find out if they apply to you.
|