Frisco Down Payment Assistance Program

Frisco Down Payment Assistance Program is a forgivable loan for homebuyers in Frisco, Texas. City of Frisco grant program providing $10,000 for down payment assistance to income-eligible first-time homebuyers purchasing within Frisco city limits. Income must be at or below 80% AMI. Homebuyer education required. $10,000 grant for down payment assistance. Grant forgiven after 5-year owner-occupancy period. No repayment if home remains primary residence throughout forgiveness period. Homebuyer education required prior to closing. Funding comes from Local Government.

Frisco 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.

Frisco Down Payment Assistance Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale 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.

Frisco Down Payment Assistance Program 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 640. A homebuyer education course is required. Residency requirement: City Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Within Frisco city limits; first-time homebuyers or haven't owned home in last 3 years; income eligible.

Frisco Down Payment Assistance 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.

Frisco Down Payment Assistance Program can be used for Single Family, Condo, and Townhouse.

Frisco Down Payment Assistance Program serves homebuyers purchasing in Frisco, Texas.

Applications for Frisco Down Payment Assistance 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.