Brownsville Down Payment Assistance Program

What is Brownsville Down Payment Assistance Program?

Brownsville Down Payment Assistance Program is a deferred second loan for homebuyers in Brownsville, Texas.

• The City of Brownsville Homebuyer Assistance (HBA) Program provides no-interest deferred loans up to $25,000 to low-to-moderate-income first-time homebuyers for the purchase of new or existing single-family homes. Funds are sourced from the HUD HOME Investment Partnerships Program. Minimum 600 credit score required. Participating lenders assist borrowers in completing the HBA application.
• Up to $25,000 in 0% interest deferred loan.
• Covers down payment, closing costs, and eligible prepaid expenses.
• 600 minimum credit score.
• HOME Investment Partnerships funded.
• Funding comes from Federal.

How much assistance does it provide?

Brownsville Down Payment Assistance Program offers up to $25,000 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?

Brownsville Down Payment Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• 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.

Who qualifies?

Brownsville Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Brownsville 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 the Brownsville area median family income by household size.
• 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?

Brownsville Down Payment Assistance Program can be used for Single-family.

• New construction is eligible.

Where does it apply?

Brownsville Down Payment Assistance Program serves buyers purchasing in Brownsville, Texas.

How do you apply?

Applications for Brownsville Down Payment Assistance 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.