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Montgomery County Home Fund Program

Conroe, Texas

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Income limit

80% AMI

Of area median income; varies by county and household size

Price cap

$268,000

Highest purchase price the program allows

Repayment

Forgivable

Forgiven after 10 years

What is Montgomery County Home Fund Program?

Montgomery County Home Fund Program is a forgivable loan for homebuyers in Conroe, Texas.

  • Montgomery County HOME-funded FTHB DPA up to $25,000 forgivable second; 0%, 10-yr forgiveness; max purchase $265K-$268K; 80% AMI Montgomery County.
  • Montgomery County Home Fund Program (HUD HOME-funded) provides up to $25,000 in down payment and closing cost assistance for FTHBs within unincorporated Montgomery County and participating municipalities. Structured as a deferred 0% forgivable second mortgage with 10-year forgiveness. Maximum purchase price $265,000-$268,000 by HH size.
  • Funding comes from County and HOME.

Do you have to pay it back?

Montgomery County Home Fund Program is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by 10% per year forgiveness over 10 years and pro-rata recapture during HOME affordability period.
  • 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?

Montgomery County Home Fund 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 — with exceptions: FTHB waived for displaced homemakers.
  • The home is occupied as a primary residence
  • On credit: 620 minimum FICO.
  • A completed homebuyer education course, through HUD-approved 8-hour homebuyer education required; Houston-area providers acceptable.
  • Residency: Property within unincorporated Montgomery County or participating municipality.
  • Citizenship or immigration status: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per HOME.
  • FTHB required. Property within unincorporated Montgomery County or qualifying municipality. Income <=80% AMI Houston-The Woodlands MSA ($52,200-$98,450 by HH size). Maximum purchase $265,000-$268,000 by HH. 620 FICO. HUD-approved 8-hour education. $500 borrower investment. Owner-occupancy required. HQS inspection. HOME affordability period (10 years for higher-subsidy tier).

The program excludes

  • Manufactured homes
  • Purchases above the $268,000 price cap
  • 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?

Montgomery County Home Fund Program limits household income to 80% of the area median income, which varies by county and household size.

  • <=80% AMI Houston-The Woodlands-Sugar Land MSA: $52,200 (1-person) to $98,450 (8-person) HH size.
  • The limit applies to total household income, not only the borrower&rsquo;s.
  • The program lists a maximum household size of 8.
  • 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?

Montgomery County Home Fund Program caps the purchase price at $268,000.

  • Eligible property types include Single-family detached, townhouse, condominium, PUD.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Is there eligibility for specific groups?

Montgomery County Home Fund Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses 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?

Montgomery County Home Fund Program serves buyers purchasing in Conroe, Texas.

How do you apply?

Applications for Montgomery County Home Fund 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, through HUD-approved 8-hour homebuyer education required; Houston-area providers acceptable..

  2. Contact the administering agency to reserve funds

    Funds are reserved through Apply through Montgomery County Community Development., 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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