Abilene First Time Homebuyer Program

What is 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).

How much assistance does it provide?

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.

Do you have to pay it back?

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.

Who qualifies?

Abilene First Time Homebuyer Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

Abilene First Time Homebuyer Program can be used for Single-family.

• New construction is eligible.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.