Hill Country Home Down Payment Assistance Program

What is Hill Country Home Down Payment Assistance Program?

Hill Country Home Down Payment Assistance Program is a deferred second loan for homebuyers in Multi-County, Texas.

• Hill Country Home is Travis County HFC's multi-county DPA program serving the Austin-Round Rock MSA and adjacent Hill Country counties (Travis, Hays, Williamson, Bastrop, Burnet, Blanco, Caldwell, Llano, Lee, Lampasas). Provides a 30-year fixed-rate first mortgage with up to 5% DPA as a 0% deferred second lien.
• The Travis County Housing Finance Corporation Hill Country Home DPA program provides a 30-year fixed-rate first mortgage paired with down payment and closing-cost assistance up to 5% of the loan amount. The DPA is structured as a 0% interest second lien (deferred / due-on-sale per program guidance). Available across Travis County HFC's Hill Country footprint (Travis, Hays, Williamson, Bastrop, Burnet, Blanco, Caldwell, Llano, Lee, and Lampasas counties typically). No FTHB requirement.
• Funding comes from Travis County HFC bond / TBA execution.

How much assistance does it provide?

Hill Country Home Down Payment Assistance Program provides assistance worth 5% of the purchase price, as set by the program.

• Buyer contribution: No minimum borrower contribution required by Travis County HFC.
• 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?

Hill Country Home Down Payment Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Due upon sale, refinance, payoff of first mortgage, or non-occupancy as primary residence.
• 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?

Hill Country Home Down Payment Assistance Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Hill Country Home Down Payment Assistance Program limits household income to $138,460.

• The limit applies to total household income, not only the borrower’s.
• 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?

Hill Country Home Down Payment Assistance Program caps the purchase price at $364,452.

• Eligible property types include Single-family detached, townhomes, condos meeting agency approval, eligible PUDs, eligible manufactured homes.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

Hill Country Home Down Payment Assistance Program names veterans, active-duty service members, reservists and National Guard members, surviving spouses, American Indian and Alaska Native buyers, educators, law enforcement officers, firefighters, healthcare workers, and buyers with disabilities among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Hill Country Home Down Payment Assistance Program serves buyers purchasing in Multi-County, Texas.

How do you apply?

Applications for Hill Country Home Down Payment Assistance Program 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, through HUD-approved homebuyer education required (online or in-person).

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Lenders reserve via Travis County HFC online portal on first-come, first-served basis, 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.