DOWN PAYMENT ASSISTANCE PROGRAMS
Thinking about purchasing a home but worried about the down payment? Coming up with a down payment is not easy for everyone, and that is where down payment assistance programs can help.
We offer multiple down payment assistance programs1 and options with various loan types. Lower interest rate programs are available for targeted areas.
These programs can come from various sources, including federal, state, and local governments, as well as nonprofit organizations. They typically offer financial aid in the form of grants, low-interest loans, or forgivable loans, which can cover a portion or all of the required down payment and sometimes even closing costs. Eligibility for these programs often depends on factors such as income level, location, and the purchase price of the home. These initiatives aim to make homeownership more accessible and alleviate the burden of saving for a significant down payment.
Meet your down payment assistance program specialists! Our team lives in Abilene, is invested in the community, and is ready to help you attain your dream of homeownership.
Angie Thornton
Mortgage Consultant
NMLS# 1622518
[email protected]
(325) 669-4225
Krista Wilson
Mortgage Consultant
NMLS# 759570
[email protected]
(325) 513-9904
Down Payment Assistance Options
Grants, that are offered through down payment assistance programs, typically do not have to be repaid. There are also second lien options available. All options are subject to qualification, and availability through the various organizations who offer these programs. Let us help walk you through which option might be best.
A few examples:
1) Texas State Affordable Housing Corporation (TSAHC) provides Homes for Texas Heroes for teachers, firefighters, EMS, police, and corrections officers and Home Sweet Texas for Texas homebuyers with low and moderate income.
2) U.S. Department of Housing and Urban Development HUD
3) Texas Department of Housing and Community Affairs (TDHCA) provides My First Texas Home to first-time homebuyers and My Choice Texas Home for repeat homebuyers.
Start your application today!
Our best-in-class online borrowing experience makes it easy to apply for your next home in just a few simple steps.
Have questions? Give us a call today.
(325) 698-9597
1This is not a commitment to lend. Subject to credit approval and program eligibility. Property location and income restrictions apply.