TSAHC Texas Panhandle Down Payment Assistance

What is TSAHC Texas Panhandle Down Payment Assistance?

TSAHC Texas Panhandle Down Payment Assistance is a grant for homebuyers in Texas.

• TSAHC's regional down payment assistance for the Texas Panhandle (including Lubbock and Amarillo) provides access to the Homes for Texas Heroes or Home Sweet Texas programs, with 2-5% of the loan amount as down payment assistance. Assistance can be structured as a non-repayable grant or a forgivable second lien forgiven after 3 years of owner-occupancy.
• Down payment assistance grant or forgivable 2nd lien.
• 30-year fixed rate mortgage.
• MCC available for first-time buyers.
• No repayment on grant option.
• Funding comes from State.

How much assistance does it provide?

TSAHC Texas Panhandle Down Payment Assistance provides assistance worth 5% of the purchase price, as set by the program.

• 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?

TSAHC Texas Panhandle Down Payment Assistance is structured as a grant, so it is not repaid.

• Repayment is triggered by Sale and Refinance.
• 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?

TSAHC Texas Panhandle 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?

TSAHC Texas Panhandle Down Payment Assistance sets its income limit as follows: Income limits vary by county in Panhandle region; expanded limits in targeted areas. See TSAHC income limit PDF.

• 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?

TSAHC Texas Panhandle Down Payment Assistance can be used for Single-family.

• New construction is eligible.

Where does it apply?

TSAHC Texas Panhandle Down Payment Assistance serves buyers purchasing anywhere in Texas.

• The program gives priority to designated target areas, so the address matters as well as the county.

How do you apply?

Applications for TSAHC Texas Panhandle 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.