Denton Homebuyer Assistance Program

Denton Homebuyer Assistance Program is a forgivable loan for homebuyers in Denton, Texas. The City of Denton Homebuyer Assistance Program provides 0% interest forgivable loans for down payment and closing costs to low-to-moderate-income first-time homebuyers within Denton city limits. Two options: up to $14,900 with a 5-year affordability period, or up to $50,000 with a 15-year affordability period. Eligible properties include single-family homes, condos, and townhomes. Up to $50,000 in 0% interest forgivable loan. Option 1: up to $14,900 forgiven after 5 years. Option 2: up to $50,000 forgiven after 15 years. Covers condos and townhomes. HUD-approved homebuyer education required. Funding comes from Federal.

Denton Homebuyer Assistance Program is forgiven after 15 years, so a homebuyer who stays that long does not repay it. 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.

Denton 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. A homebuyer education course is required. Citizenship or immigration status: yes.

Denton 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 AMI 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.

Denton Homebuyer Assistance Program can be used for Single-family. New construction is eligible.

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

Applications for Denton 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.