Port Arthur Homebuyer Program

Port Arthur Homebuyer Program is a grant for homebuyers in Port Arthur, Texas. The City of Port Arthur Homebuyer Program, administered in partnership with Legacy CDC, provides deferred forgivable loans of up to $40,000 for new construction or up to $14,995 for existing homes within Port Arthur city limits. Buyers must be income-qualified at or below 80% AMI, complete homebuyer education, and occupy the property as their primary residence for 5–10 years. Up to $40,000 for new construction. Up to $14,995 for existing homes. Deferred forgivable loan. HUD-certified housing counseling included. Covers down payment and closing costs. Funding comes from Federal (CDBG/HOME).

Port Arthur Homebuyer 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.

Port Arthur Homebuyer 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. A homebuyer education course is required. Citizenship or immigration status: yes.

Port Arthur Homebuyer Program limits household income to 80% of the area median income, which varies by county and household size. Household income between 30%–80% of area median income (HUD-defined, adjusted for family 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.

Port Arthur Homebuyer Program can be used for Single-family. New construction is eligible.

Port Arthur Homebuyer Program serves homebuyers purchasing in Port Arthur, Texas.

Applications for Port Arthur Homebuyer 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.