FHLBank Dallas HELP Program

What is FHLBank Dallas HELP Program?

FHLBank Dallas HELP Program is a grant for homebuyers in Texas.

• The Homebuyer Equity Leverage Partnership (HELP) provides grants of up to $25,000 per household in Texas and New Mexico for down payment and closing costs. Grants are distributed through FHLB Dallas member financial institutions on a first-come, first-served basis. Homebuyers must be first-time buyers at or below 80% AMI, contribute $500 personally, and commit to five years of home retention.
• Up to $25,000 grant in TX/NM.
• No repayment if 5-year retention met.
• Homebuyer counseling required.
• Distributed through FHLB member institutions.
• Funding comes from Federal (FHLB).

How much assistance does it provide?

FHLBank Dallas HELP Program offers up to $25,000 in assistance.

• 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?

FHLBank Dallas HELP Program is structured as a grant, so it is not repaid.

• Repayment is triggered by Sale, Refinance, and No Longer Primary.
• 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?

FHLBank Dallas HELP Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

FHLBank Dallas HELP Program limits household income to 80% of the area median income, which varies by county and household size.

• At or below 80% of Area Median Income as defined by HUD.
• 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?

FHLBank Dallas HELP Program can be used for Single-family.

• New construction is eligible.

Where does it apply?

FHLBank Dallas HELP Program serves buyers purchasing anywhere in Texas.

How do you apply?

Applications for FHLBank Dallas HELP 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 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.