Bryan Homebuyer Assistance Program

Bryan Homebuyer Assistance Program is a forgivable loan for homebuyers in Bryan, Texas. The City of Bryan Home Buyers Down Payment & Closing Costs Assistance Program provides $3,500–$14,000 (up to $24,000 in some cases) as a deferred, non-interest-bearing loan to first-time buyers at or below 80% AMI. Repayment is only required upon sale or when the property is no longer owner-occupied. A minimum credit score of 640 and a $1,000 buyer contribution are required. $3,500–$14,000 deferred non-interest loan. 5-year occupancy requirement. Covers down payment and closing costs. Minimum $1,000 buyer contribution. Funding comes from Local/Federal (HOME/CDBG).

Bryan Homebuyer Assistance Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale 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.

Bryan Homebuyer 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. The program lists a minimum credit score of 640. A homebuyer education course is required. Citizenship or immigration status: yes.

Bryan Homebuyer 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.

Bryan Homebuyer Assistance Program caps the purchase price at $273,000. Eligible property types include Single-family. New construction is eligible.

Bryan Homebuyer Assistance Program serves homebuyers purchasing in Bryan, Texas.

Applications for Bryan Homebuyer 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.