Galveston County Down Payment Assistance

What is Galveston County Down Payment Assistance?

Galveston County Down Payment Assistance is a grant for homebuyers in Galveston County, Texas.

• The City of Galveston Homebuyer Assistance Program (HAP) provides up to $14,500 in HOME Investment Partnership Program funds to income-eligible first-time homebuyers within Galveston city limits. Galveston County buyers outside city limits have access to the Southeast Texas Housing Finance Corporation (SETH) 5 Star Texas Advantage program for down payment assistance.
• Up to $14,500 in HOME Investment Partnership Program funds.
• Down payment and closing cost assistance.
• City of Galveston first-time homebuyers.
• Funding comes from Federal.

Do you have to pay it back?

Galveston County Down Payment Assistance is structured as a grant, so it is not repaid.

• 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?

Galveston County Down Payment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Galveston County Down Payment Assistance sets its income limit as follows: Income-eligible first-time homebuyers; income limits per HOME program guidelines.

• 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?

Galveston County Down Payment Assistance can be used for Single-family.

• New construction is eligible.

Where does it apply?

Galveston County Down Payment Assistance serves buyers purchasing in Galveston County, Texas.

How do you apply?

Applications for Galveston County Down Payment Assistance 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.