Baytown Down Payment Assistance Program

Baytown Down Payment Assistance Program is a grant for homebuyers in Baytown, Texas. The City of Baytown First Time Homebuyer Assistance Program provides up to 5% of the sales price as a deferred, forgivable loan at 0% interest for income-qualified first-time buyers. The loan is forgiven after 5 years of owner-occupancy. Buyers must contribute a minimum of 2% of the sales price and complete an approved homebuyer education course. Up to 5% of sales price. 0% interest deferred loan. Forgiven after 5 years. Down payment and closing costs covered. Funding comes from Local.

Baytown Down Payment Assistance Program provides assistance worth 5% of the purchase price, as set by the program. 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.

Baytown Down Payment Assistance Program is structured as a grant, so it is not repaid. Repayment is triggered by Sale, Refinance, and No Longer Primary. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Baytown Down Payment Assistance 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.

Baytown Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% of area median income. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Baytown Down Payment Assistance Program caps the purchase price at $180,000. Eligible property types include Single-family. New construction is eligible.

Baytown Down Payment Assistance Program serves homebuyers purchasing in Baytown, Texas.

Applications for Baytown Down Payment Assistance 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.