Fort Bend County Down Payment Assistance Program

What is Fort Bend County Down Payment Assistance Program?

Fort Bend County Down Payment Assistance Program is a forgivable loan for homebuyers in Fort Bend County, Texas.

• The Fort Bend County Housing Finance Corporation offers $10,000 in down payment assistance to qualified first-time homebuyers purchasing a home in Fort Bend County. Funds are awarded on a first-come, first-served basis. Assistance must be repaid when the buyer sells, refinances, or transfers the home.
• $10,000 down payment assistance.
• Recycled funding model.
• First-come first-served availability.
• Funding comes from Local.

How much assistance does it provide?

Fort Bend County Down Payment Assistance Program offers up to $10,000 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?

Fort Bend County Down Payment Assistance Program is a forgivable loan, so the balance is forgiven once the program's conditions are met.

• Repayment is triggered by Sale, Refinance, and Transfer.
• 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?

Fort Bend County Down Payment 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?

Fort Bend County Down Payment Assistance Program limits household income to 120% of the area median income, which varies by county and household size.

• Household income at or below 120% of Area Median Income (AMI).
• 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?

Fort Bend County Down Payment Assistance Program can be used for Single-family.

• New construction is eligible.

Where does it apply?

Fort Bend County Down Payment Assistance Program serves buyers purchasing in Fort Bend County, Texas.

How do you apply?

Applications for Fort Bend County Down Payment 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 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.