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Galveston First Time Homebuyers Program

Galveston, Texas

Last verified
See what you qualify forOfficial program site →
Assistance

$14,500

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is Galveston First Time Homebuyers Program?

Galveston First Time Homebuyers Program is a grant for homebuyers in Galveston, Texas.

  • The City of Galveston Homebuyer Assistance Program provides up to $14,500 in HOME Investment Partnership Program funds to assist income-eligible first-time homebuyers with down payment and closing costs. Assistance is structured as a forgivable zero-percent interest second mortgage, forgiven after five consecutive years of owner-occupancy. The home must be within Galveston city limits and meet HUD Housing Quality Standards.
  • Up to $14,500 assistance.
  • 0% interest forgivable loan.
  • Forgiven after 5 years occupancy.
  • HUD-funded.
  • Funding comes from Federal (HOME Investment Partnerships Program).

How much assistance does it provide?

Galveston First Time Homebuyers Program offers up to $14,500 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?

Galveston First Time Homebuyers Program is structured as a grant, so it is not repaid.

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

Who qualifies?

Galveston First Time Homebuyers Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • Citizenship or immigration status: yes

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Galveston First Time Homebuyers Program limits household income to 80% of the area median income, which varies by county and household size.

  • Household income at or below 80% of Area Median Income per HUD 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 First Time Homebuyers Program can be used for Single-family.

  • New construction is eligible.

Where does it apply?

Galveston First Time Homebuyers Program serves buyers purchasing in Galveston, Texas.

  • The program gives priority to designated target areas, so the address matters as well as the county.

How do you apply?

Applications for Galveston First Time Homebuyers Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  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.

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