American National Bank of Texas DPA Program

What is American National Bank of Texas DPA Program?

American National Bank of Texas DPA Program is a grant for homebuyers in Texas.

• ANBTX's Ignite Home Loan Program offers eligible homebuyers in designated North Texas census tracts a forgivable grant of up to $7,500 for closing costs and pre-paid expenses. The program targets majority-minority neighborhoods and low-to-moderate income census tracts within North Texas counties including Collin, Dallas, Hunt, Johnson, Kaufman, Rockwall, Tarrant, and Van Zandt. Features include up to 97% LTV financing and up to 40-year terms.
• Forgivable grant up to $7,500 for closing costs.
• Up to 97% LTV financing.
• Up to 40-year loan terms.
• Covers eligible North Texas counties.
• Funding comes from Private Lender.

How much assistance does it provide?

American National Bank of Texas DPA Program offers up to $7,500 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?

American National Bank of Texas DPA Program is structured as a grant, so it is not repaid.

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

American National Bank of Texas DPA Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

American National Bank of Texas DPA Program sets its income limit as follows: Property must be in a census tract with >50% minority population and/or a low or moderate income level tract within eligible North Texas counties.

• 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?

American National Bank of Texas DPA Program can be used for Single-family.

• New construction is eligible.

Where does it apply?

American National Bank of Texas DPA Program serves buyers purchasing anywhere in Texas.

• The program gives priority to designated target areas, so the address matters as well as the county.

How do you apply?

Applications for American National Bank of Texas DPA 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.