Denton Homebuyers Assistance Program

What is Denton Homebuyers Assistance Program?

Denton Homebuyers Assistance Program is a forgivable loan for homebuyers in Denton, Texas.

• City of Denton program providing 0% interest forgivable loans up to $50,000 for down payment and closing cost assistance to low- and moderate-income first-time homebuyers purchasing within Denton city limits. Loan is forgiven over a 15-year affordability period (5 years for loans up to $14,900). Must meet income limits at or below 80% of area median income.
• Up to $50,000.
• 0% interest forgivable loan.
• 5 years (up to $14,900) or 15 years (up to $50,000).
• Funding comes from Federal.

How much assistance does it provide?

Denton Homebuyers Assistance Program offers up to $50,000 in assistance.

• Award tier “Standard (Up to $14,900)” — up to $14,900. Who qualifies: Loans up to $14,900 forgiven over 5 years; income at or below 80% AMI.
• Award tier “Enhanced (Up to $50,000)” — up to $50,000. Who qualifies: Loans $14,901–$50,000 forgiven over 15 years; income at or below 80% AMI.
• 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?

Denton Homebuyers Assistance Program is forgiven after 15 years, so a buyer 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.

Who qualifies?

Denton Homebuyers 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?

Denton Homebuyers Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• The limit applies to total household income, not only the borrower’s.
• 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?

Denton Homebuyers Assistance Program can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Denton Homebuyers Assistance Program serves buyers purchasing in Denton, Texas.

How do you apply?

Applications for Denton Homebuyers 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, through Homebuyer education workshop required.

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.