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.

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.

TSAHC Texas Panhandle Down Payment Assistance 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. The program lists a minimum credit score of 620. A homebuyer education course is required. Citizenship or immigration status: yes.

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.

TSAHC Texas Panhandle Down Payment Assistance can be used for Single-family. New construction is eligible.

TSAHC Texas Panhandle Down Payment Assistance serves homebuyers purchasing anywhere in Texas. The program gives priority to designated target areas, so the address matters as well as the county.

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. 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.