El Paso Housing Finance Corporation Welcome Home El Paso Grant
El Paso Housing Finance Corporation Welcome Home El Paso Grant is a grant for homebuyers in El Paso, Texas.
The program asks for
- First-time homebuyer — the program sets its own definition
- The home is occupied as a primary residence
- A minimum 620 credit score
- A completed homebuyer education course
- Citizenship or immigration status: yes
- A home inside El Paso city limits
It doesn’t cover
- Purchases above the $349,525 price cap
- 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.
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 Housing Finance Corporation Welcome Home El Paso Grant?
El Paso Housing Finance Corporation Welcome Home El Paso Grant is a grant for homebuyers in El Paso, Texas. The Welcome Home El Paso Down Payment Grant Program provides grants up to 5% of the principal loan amount for homes within El Paso city limits — no repayment required. The program is funded through $25 million in single-family mortgage revenue bonds and requires completion of a homebuyer online course. Up to 5% of loan amount grant. No repayment. Min 620 credit score. All major loan types. El Paso city limits. Funding comes from Local.
Do you have to pay it back?
El Paso Housing Finance Corporation Welcome Home El Paso Grant is structured as a grant, so it is not repaid. The assistance is recorded in Grant (no 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 Housing Finance Corporation Welcome Home El Paso Grant 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 620. A homebuyer education course is required. Citizenship or immigration status: yes.
What are the income limits?
El Paso Housing Finance Corporation Welcome Home El Paso Grant sets its income limit as follows: $90,100 for households of 1-2; $103,615 for households of 3+. 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 Housing Finance Corporation Welcome Home El Paso Grant caps the purchase price at $349,525. Eligible property types include Single-family. New construction is eligible.
Where does it apply?
El Paso Housing Finance Corporation Welcome Home El Paso Grant serves homebuyers purchasing in El Paso, Texas.
How do you apply?
Applications for El Paso Housing Finance Corporation Welcome Home El Paso Grant 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 First-Time Homebuyer ProgramUp to $25,000
- El Paso Housing Finance Corporation Mi Casa Grant ProgramGrant
- 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.