HOPE PROGRAM City of Houston Homebuyer Down Payment Assistance
You may qualify for up to $30,000 to buy your own home!
If you have a credit score of 620+ and a first time home buyer seeking to buy a home in Greater Houston, we can help you get you get into a home with ZERO DOWN PAYMENT HOME BUYER ASSISTANCE PROGRAMS. We specialized in Houston Home Buyer Grant Programs to HELP YOU GET INTO A HOME WITH NO DOWN PAYMENT.
DOWN PAYMENT ASSISTANCE PROGRAM GUIDELINES
The City of Houston has created a reinvestment of neighborhoods program call the HOPE program. Additionally, several other cities have different home buyer assistance programs. The goal of the HOPE program is to build neighborhoods which bring new economic growth for Houston areas, creating a safe environment to help bring up families.
WHY RENT WHEN YOU CAN OWN YOUR HOME
Live and work in Houston in established neighborhoods. When renting you are giving away 100% of your money to the landlord, when you own, you are paying yourself and building equity and also get a lot of tax deductions. Keep more of your money for you and your family.
HOUSTON DOWNPAYMENT ASSISTANCE
You may be eligible to qualify for up to $30,000 in down payment assistance to buy your own home in Houston.
HOUSTON ENERGY-EFFICIENT HOMES
There are many building plans provided by Houston home builders who partner with Houston HOPE to build an energy-efficient home for you.
HOPE PROGRAM QUALIFICATIONS
You may be eligible to qualify for up to $30,000 in home buyer down payment assistance.
- You are currently not a property owner
- You have a minimum credit score needed 540 to qualify for a home loan (home mortgage)
- For more information visit (http://www.houstontx.gov/)
- Your House hold income and family size falls at or below:
|Family Size||80% of the Area Median Income||110% of Houston’s Median Income|
HOMEBUYER ASSISTANCE PROGRAM HOUSTON
Houston Homebuyer Assistance (HHA) is administered by The City of Houston Housing and Community Development Department. Homebuyers who qualify may receive information and support home financing counseling and education, home loan assistance program, downpayment assistance and closing costs related to buying a home.
Summary of requirements to qualify for HOPE and Workforce Housing Programs for Houston homebuyers:
|Houston Homebuyer Assistance||HOUSTON HOPE PROGRAM||WORKFORCE HOUSING PROGRAM|
|Downpayment assistance available up to:||$30K||
|Combined family income (includes all members of household) must be at or below||80% of the area median income||80% to 110% of the area median income|
|Must complete an 8-hour homebuyer education course (classroom) from any participating HUD-approved Housing Counseling Agency||Yes||Yes|
|Maximum sales price||$200K||$150K|
|Must invest at least $500 in the home buying transaction (i.e. earnest money, appraisal, etc.)||Yes||Yes|
|Must live in home for at least 10 years for assistance to be forgiven||Yes||Yes|
|Property must be located in Houston HOPE areas or any area / neighborhood designated by the Mayor of Houston for revitalization. See maps at (www.houstonhousing.org)||Yes||Yes|
|Mortgage loan must be processed through one of the Authorized Lending Partners listed at www.houstonhousing.org.||Yes||Yes|
Disclaimer: Subject to change without notice. Please call us to verify current requirements and availability of funding.
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