Tyler First Time Homebuyers Program

Tyler First Time Homebuyers Program is a grant for homebuyers in Tyler, Texas. The City of Tyler First Time Homebuyers Program assists low-to-moderate-income first-time buyers with tiered down payment and closing cost assistance: up to $7,500 for existing homes (5-year lien), up to $14,999 for newly constructed homes (5-year lien), and up to $25,000 for HUD Initiative Homes (10-year lien). The home must be a single-family dwelling within Tyler city limits and must pass a city inspection. Up to $7,500 for existing homes (5-year lien). Up to $14,999 for new construction (5-year lien). Up to $25,000 for HUD Initiative Homes (10-year lien). Home must pass city inspection. Funding comes from Federal.

Tyler First Time Homebuyers Program offers up to $14,999 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.

Tyler First Time Homebuyers Program is structured as a grant, so it is not repaid. Repayment is triggered by Sale, Refinance, 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.

Tyler First Time Homebuyers 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.

Tyler First Time Homebuyers Program limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% AMI; exact limits vary by household size per HUD guidelines. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Tyler First Time Homebuyers Program can be used for Single-family. New construction is eligible.

Tyler First Time Homebuyers Program serves homebuyers purchasing in Tyler, Texas.

Applications for Tyler First Time Homebuyers 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.