Do you want to buy your new home with little to no money out of pocket?

The following programs and website links offer great advice for financial options to help you buy your home. Contact us to find out what programs you qualify for and to get a free mortgage analysis, or fill out our Mortgage Analysis Worksheet for a quick response .

NON-PROFIT GRANT DOWN PAYMENT ASSISTANCE

The many non-profit grant programs available allow us to help you get into your new home with little to zero out of pocket. These programs will provide down payment assistance to potential home buyers in the form of a grant that is accepted as a down payment by leading mortgage lenders. There are no income restrictions, these programs work for almost everyone! Check out these links or contact us to find out more information.

CITY OF AUSTIN DOWN PAYMENT ASSISTANCE

City of Austin Down Payment Assistance program contributes up to $5,000 towards your down payment and closing costs. They also offer an additional $1,000 to help defray the cost of using the MCC (Mortgage Credit Certificate) Program. The MCC program gives a qualified home buyer a tax rebate of up to $2,000 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.

STATE OF TEXAS BOND AND DOWNPAYMENT ASSISTANCE PROGRAMS (SUBJECT TO AVAILABILITY)

The Down Payment Assistance Program (DPAP) helps very low- and low-income families purchase a home by providing an interest-free loan ranging from $5,000 to $10,000-depending on the county in which the property is located. This assistance is for down payment and eligible closing costs, and the borrower pays the loan when the home is either sold or refinanced, or at the maturity of the original mortgage.
The Texas First-Time Homebuyer Program channels below-market interest rate mortgage money through participating Texas lending institutions to eligible families who are purchasing their first home, or to those who have not owned a home in the past three years. Although income limits may vary with each bond issue, the program is designed to serve very low- to moderate-income (30 to 115 percent of AMFI) Texas families.

ROUND ROCK DOWN PAYMENT ASSISTANCE

The Home Ownership Assistance Program (HOAP) provides to qualified, first time, income eligible homebuyers a non-interest bearing, forgivable, non-assumable loan to be used to assist with purchasing their first home in the city of Round Rock, Texas. Program assistance can be used for one-half of the down payment and eligible closing costs up to and not to exceed $5,000 on an as needed basis. Contact us for more information on how it works and if you qualify.

*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.