Harris County Down Payment Assistance Program

Harris County Down Payment Assistance Program is a silent second mortgage for homebuyers in Harris County, Texas. Harris County Housing & Community Development Down Payment Assistance Program providing silent second loans for income-eligible first-time homebuyers in unincorporated Harris County. Covers down payment and closing costs. Home must be in unincorporated Harris County (not Houston, Baytown, or Pasadena). Income must be at or below 80% AMI. Base award $27,100. up to $40,000 with eligible incentives. silent second mortgage provides gap financing. liquid assets can't exceed $15,000. Funding comes from Local Government.

Harris County Down Payment Assistance Program offers between $27,100 and $40,000 in assistance, depending on the award tier a homebuyer qualifies under. The program asks homebuyers to contribute $1,000. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Harris County 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.

Harris County 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 580. A homebuyer education course is required. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Unincorporated areas of Harris County; min 580 credit score; max liquid assets $15,000; max purchase $261k (existing) or $268k (new).

Harris County 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.

Harris County Down Payment Assistance Program caps the purchase price at $261,000. Eligible property types include Single Family. New construction is eligible.

Harris County Down Payment Assistance Program serves homebuyers purchasing in Harris County, Texas.

Applications for Harris County 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.