Nueces County Down Payment Assistance

What is Nueces County Down Payment Assistance?

Nueces County Down Payment Assistance is a forgivable loan for homebuyers in Corpus Christi, Texas.

• The City of Corpus Christi Homebuyer Assistance Program provides down payment assistance up to $25,000 and closing cost assistance up to $10,000 to income-eligible first-time homebuyers purchasing within city limits in Nueces County. Household income must be at or below 80% AMI. Maximum purchase price is $173,000 for existing homes and $238,000 for new construction. Funded through HOME Investment Partnerships.
• Up to $25,000 in down payment assistance.
• Up to $10,000 in closing cost assistance.
• First-time homebuyers within Corpus Christi.
• HOME Investment Partnerships funded.
• Funding comes from Federal.

How much assistance does it provide?

Nueces County Down Payment Assistance offers up to $25,000 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?

Nueces County Down Payment Assistance is a forgivable loan, so the balance is forgiven once the program's conditions are met.

• 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?

Nueces County Down Payment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Nueces County Down Payment Assistance 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. Income limit example: $55,450 for family of four.
• 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?

Nueces County Down Payment Assistance caps the purchase price at $173,000.

• Eligible property types include Single-family.
• New construction is eligible.

Where does it apply?

Nueces County Down Payment Assistance serves buyers purchasing in Corpus Christi, Texas.

How do you apply?

Applications for Nueces County Down Payment Assistance 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 before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider 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.