Grand Prairie Buying Power Program

Grand Prairie Buying Power Program is a grant for homebuyers in Grand Prairie, Texas. City of Grand Prairie grant program providing $7,500 for down payment assistance to income-eligible first-time homebuyers purchasing within Grand Prairie city limits. Income must be at or below 80% AMI. Up to $7,500 for down payment and closing costs. Funding comes from Local Government.

Grand Prairie Buying Power Program offers up to $7,500 in assistance. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Grand Prairie Buying Power Program is structured as a grant, so it is not repaid. 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.

Grand Prairie Buying Power 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 620. A homebuyer education course is required. Residency requirement: City Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Within Grand Prairie city limits; first-time homebuyers or haven't owned home in last 3 years; income eligible.

Grand Prairie Buying Power 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.

Grand Prairie Buying Power Program can be used for Single Family, Condo, and Townhouse.

Grand Prairie Buying Power Program serves homebuyers purchasing in Grand Prairie, Texas.

Applications for Grand Prairie Buying Power 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.