Deferred second loan
Waco Homebuyer Down Payment Assistance
First-time homebuyers · New construction · Income limits · Single-family
Down payment assistance · McLennan County
Buying a home in Waco, TX
2 Waco programs and 50 statewide.Waco has 2 programs of its own, and 50 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Waco addresses
Waco’s own programs
Forgivable loan
Homebuyer Down Payment Assistance
First-time homebuyers · Income limits · Single-family detached, townhouse, condominium, PUD.
The Waco marketThe Waco housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Waco
- 59.2% single-familysingle-family
- 2.2% townhousetownhouse
- 10.2% 2–4 units2–4 units
- 27.3% 5+ unitscondo & apartment buildings (5+ units)
- 1% mobile & othermobile home & other
Condos count. 1 of Waco’s 2 local and county programs accept condos. Waco Homebuyer Down Payment Assistance lists single-family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Waco’s homes were built
pre-19401970s2020+
50.9%
of Waco homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$90,300
County area median income, 4 people (HUD)HUD area median income, McLennan County, 4-person household (2026)
$54,365
Waco median household incomeMedian household income in Waco (Census, 2024)
24 of the 114 programs here set their income limit as a share of McLennan County’s area median income, adjusted for household size. See the published limits for McLennan County
Free help nearbyFree help near Waco
2 HUD-approved counseling agencies within 15 miles2 HUD-approved housing counseling agencies within 15 miles
2 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 2 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Texas and nationwide
112 statewide & federal programs50 statewide programs, plus federal options
Waco questions
Does Waco have its own down payment program?
Yes, 2: Waco Homebuyer Down Payment Assistance and Homebuyer Down Payment Assistance. Each is for homes inside Waco.
Can I use assistance on a condo in Waco?
1 of Waco’s 2 local and county programs accept condos. Waco Homebuyer Down Payment Assistance lists single-family. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in McLennan County?
Each program sets its own. 24 of the programs here set theirs as a share of HUD’s area median income for McLennan County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Waco?
HUD-approved housing counseling agencies teach homebuyer classes, and 2 agencies are within 15 miles of Waco. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
76701 · 76702 · 76703 · 76704 · 76705 · 76706 · 76707 · 76708 · 76710 · 76711 · 76714 · 76715 · 76716 · 76795 · 76797 · 76798 · 76799
Nearby in McLennan
Sources
Sources: agency sites (July–August 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July–August 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.