Abilene First Time Homebuyer Program

Abilene First Time Homebuyer Program is a grant for homebuyers in Abilene, Texas. The City of Abilene First Time Homebuyer Program provides up to $5,000 toward down payment and eligible closing costs for income-qualifying first-time buyers purchasing within Abilene city limits. Assistance is paid directly to the title company at closing. Applicants must complete 10 hours of community service and an online homebuyer training course; the process requires 45–60 days lead time. Up to $5,000 for down payment and closing costs. Grant (no repayment). Paid directly to title agency at closing. Community service requirement. Funding comes from Local/Federal (CDBG).

Abilene First Time Homebuyer Program offers up to $5,000 in assistance. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Abilene First Time Homebuyer Program is structured as a grant, so it is not repaid. The assistance is recorded in Grant (no lien) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Abilene First Time Homebuyer Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required. Citizenship or immigration status: yes.

Abilene First Time Homebuyer Program limits household income to 80% of the area median income, which varies by county and household size. Must meet HUD income limits based on income and family composition. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Abilene First Time Homebuyer Program can be used for Single-family. New construction is eligible.

Abilene First Time Homebuyer Program serves homebuyers purchasing in Abilene, Texas.

Applications for Abilene First Time Homebuyer Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.