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Travis County - Hill Country Home Down Payment Assistance

Travis County, Texas

Last verified
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Assistance

4%

Of the purchase price, as the program sets it

Income limit

140% AMI

Of area median income; varies by county and household size

Price cap

$364,452

Highest purchase price the program allows

Repayment

Forgivable

Forgiven after 10 years

What is Travis County - Hill Country Home Down Payment Assistance?

Travis County - Hill Country Home Down Payment Assistance is a forgivable loan for homebuyers in Travis County, Texas.

  • The Hill Country Home Down Payment Assistance program, administered by the Travis County Housing Finance Corporation, provides down payment and closing cost assistance to low-to-moderate income homebuyers purchasing a home anywhere in Travis County. Assistance is structured as a 0% interest, 10-year forgivable second mortgage requiring no monthly payments. Available with FHA, VA, USDA-RD, and Freddie Mac HFA Advantage 30-year fixed-rate loans. No recapture tax. Repeat buyers are eligible.
  • 4%, 5%, or 6% of loan amount for down payment or closing costs.
  • 0% interest 10-year forgivable second mortgage.
  • anywhere in Travis County including Austin.
  • Funding comes from State.

How much assistance does it provide?

Travis County - Hill Country Home Down Payment Assistance provides assistance worth 4% of the purchase price, as set by the program.

  • Award tier “Standard (4%)”. Who qualifies: All eligible borrowers.
  • Award tier “Enhanced (5%)”.
  • Award tier “Maximum (6%)”.
  • 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?

Travis County - Hill Country Home Down Payment Assistance is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Sale, Refinance, No Longer Primary, and Transfer of Title.
  • 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?

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

The program requires

  • The home is occupied as a primary residence
  • A minimum 640 credit score
  • A completed homebuyer education course
  • Must occupy as principal residence; purchase only (no refinancing); max purchase price $364,452

The program excludes

  • Manufactured homes
  • Purchases above the $364,452 price cap
  • Households above 140% 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?

Travis County - Hill Country Home Down Payment Assistance limits household income to 140% 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.

What kind of home can it be used for?

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

  • Eligible property types include Single Family, Condo, and Townhouse.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

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

How do you apply?

Applications for Travis County - Hill Country Home Down Payment Assistance 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 before funds are reserved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider 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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