Dallas Home Buyer Assistance Programs | Texas Downpayment Assistance

Dallas Housing Finance Corporation Single Family Mortgage Revenue Bond Program

The program offers a 5.99% fixed interest rate for 30-years with down payment and closing cost assistance equal to 3.5% of the loan amount with a 1% origination fee. (For example, on a $70,000 loan amount, homebuyers will receive $2,450 in assistance). Available mortgage loan types include Conventional, FHA, VA, USDA-RHS, Fannie Mae and Freddie Mac.

Mortgage Assistance Program (MAP)

A first-time homebuyer program which provides principal reduction, down payment, and closing costs assistance up to $10,000.00. Also, may provide a grant of up to $1,500.00 for Minimum Housing Standards repairs.

Funds are available to first-time homebuyers earning 80% or below the area median family income

The home must be located in the Dallas city limits

The home sale price can not exceed certain federal limits

Homebuyer must complete homeownership education from an approved counseling agency

A first-time home buyer is defined as someone who has not owned a home in three years. Under first-time home buyer programs, single parents and displaced homemakers automatically are considered first-time homebuyers.

Please Contact Us for more current information on Dallas Home Buyer Assistance Programs and to see what options you may qualify for.

Also, for up to date news on current assistance programs in the dallas area, please
Dallas City Hall Homebuyer Assistance Programs

Buying a Home Through HUD (Housing Urban Development)