Dallas Area Habitat for Humanity Down Payment Assistance

What is Dallas Area Habitat for Humanity Down Payment Assistance?

Dallas Area Habitat for Humanity Down Payment Assistance is a grant for homebuyers in Dallas, Texas.

• Dallas Area Habitat for Humanity provides HUD-certified homeownership counseling and connects first-time buyers to down payment and closing cost assistance programs in Dallas County. Habitat homes require no financial down payment — buyers contribute 'Partnership Hours' (sweat equity) instead. Counselors help buyers determine eligibility for various DPA programs and assist with credit, income, and savings readiness.
• HUD-certified counseling.
• DPA program referrals.
• Credit review.
• Homebuyer education.
• Sweat equity model.
• Funding comes from Nonprofit.

Do you have to pay it back?

Dallas Area Habitat for Humanity Down Payment Assistance 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?

Dallas Area Habitat for Humanity Down Payment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Dallas Area Habitat for Humanity Down Payment Assistance sets its income limit as follows: Must fall within HUD Area Median Income guidelines for Dallas County.

• 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?

Dallas Area Habitat for Humanity Down Payment Assistance can be used for Single-family.

• New construction is eligible.

Where does it apply?

Dallas Area Habitat for Humanity Down Payment Assistance serves buyers purchasing in Dallas, Texas.

How do you apply?

Applications for Dallas Area Habitat for Humanity Down Payment Assistance 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.