Texas Down Payment Assistance Program Saves Homebuyers Thousands

How the Program Works

The program offers eligible homebuyers a percentage of the home's purchase price or a fixed amount to cover the down payment and, in some cases, closing costs. The assistance is often structured as a grant or a forgivable loan, meaning that the borrower may not have to repay the assistance if certain conditions are met, such as living in the home for a specified number of years. This can result in significant savings, allowing homebuyers to allocate their funds towards other expenses like moving costs or home improvements.