El Paso First-Time Homebuyer Program
El Paso First-Time Homebuyer Program is a forgivable loan for homebuyers in El Paso, Texas.
The program asks for
- First-time homebuyer — with exceptions: Not owned home in past 3 years
- The home is occupied as a primary residence
- A completed homebuyer education course
- Citizenship or immigration status: U.S. Citizen or Permanent Resident
- Within El Paso city limits; income eligible; higher assistance in Priority Housing Area
- A home inside El Paso city limits
It doesn’t cover
- Purchases above the $184,000 price cap
- Households above 80% of area median income
- Homes outside El Paso
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
80% of El Paso County’s area median income
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
Where it applies
El Paso’s homesEl Paso’s homes, and the ones this program accepts
- 67% single-familysingle-family
- 3.4% townhousetownhouse
- 7.6% 2–4 units2–4 units
- 18.8% 5+ unitscondo & apartment buildings (5+ units)
- 3.1% mobile & othermobile home & other
A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.
$184,500
El Paso median home value
44.1%
built before 1980
U.S. Census Bureau, ACS 2024 5-year. More about buying in El Paso
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact the administering agency to reserve funds
Funds are reserved with the provider and are subject to availability.
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 homebuyer can take it to a lender or housing counselor.
Questions about this program
What is El Paso First-Time Homebuyer Program?
El Paso First-Time Homebuyer Program is a forgivable loan for homebuyers in El Paso, Texas. City of El Paso program providing forgivable loans up to $45,000 (Priority Housing Area) or $25,000 (non-priority city limits) at 3% interest for first-time homebuyers. Loan is forgiven over a 10-year affordability period. Income limits at or below 80% AMI. Property must be within El Paso city limits. $45,000 forgivable loan in Priority Housing Area. $25,000 forgivable loan outside Priority Area (within city limits). 3% interest forgiven over 10-year affordability period. first-time homebuyers only. income at or below 80% AMI.
How much assistance does it provide?
El Paso First-Time Homebuyer Program offers between $25,000 and $45,000 in assistance, depending on the award tier a homebuyer qualifies under. The program asks homebuyers to contribute $1,000. 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?
El Paso First-Time Homebuyer Program is forgiven after 10 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.
Who qualifies?
El Paso First-Time Homebuyer Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Not owned home in past 3 years. A homebuyer education course is required. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Within El Paso city limits; income eligible; higher assistance in Priority Housing Area.
What are the income limits?
El Paso First-Time Homebuyer Program limits household income to 80% of the area median income, which varies by county and 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?
El Paso First-Time Homebuyer Program caps the purchase price at $184,000. Eligible property types include Single Family, Condo, 2-4 Unit, and Manufactured Home. Manufactured homes are eligible.
Where does it apply?
El Paso First-Time Homebuyer Program serves homebuyers purchasing in El Paso, Texas.
How do you apply?
Applications for El Paso First-Time Homebuyer 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.
Also for El Paso homebuyersOther programs open to El Paso homebuyers
- El Paso Housing Finance Corporation Mi Casa Grant ProgramGrant
- El Paso Housing Finance Corporation Welcome Home El Paso GrantGrant
- FHLBank Dallas HAVEN ProgramUp to $25,000
Whether two programs can be combined is up to each agency. Ask before you apply.
All 115 programs for El PasoProgram terms are set by the administering agency and can change; confirm on the official site before you apply.