First-time home buyer programs in Austin
City of Austin Housing Department runs Down Payment Assistance Program (Down Payment Loan Assistance) for buyers in Austin: up to $40,000.
- Local-area program
- 1
- Largest amount
- $40,000
Down payment help in Austin
| Program | Amount | Grant or loan | Income limit | First-time buyers only |
|---|---|---|---|---|
| Down Payment Assistance Program (Down Payment Loan Assistance). The City of Austin Housing Department runs it. | Up to $40,000 | Ask the agency | The limit is 80% of Median Family Income (MFI), and your household income must be at or below it. | Yes |
Who meets the rules for Down Payment Assistance Program (Down Payment Loan Assistance)?
- A single-family home or condominium located within Austin's Full Purpose city limits.
- The limit is 80% of Median Family Income (MFI), and your household income must be at or below it.
- You're required to be a first-time buyer.
- Completion certificate from a homebuyer education course.
- The home's sales price can't go above $440,000.
- Approval for a mortgage from a participating lender is required.
- Down payment and closing costs are covered, including prepaid expenses.
It calls it down payment loan assistance on the page, but no repayment or forgiveness terms are given.
At a participating lender, through a registered, trained loan officer. For the complete rules, see City of Austin Housing Department's page for Down Payment Assistance Program (Down Payment Loan Assistance).
You can also use Texas's statewide programs in Austin
| Program | Amount | Grant or loan |
|---|---|---|
| Home Sweet Texas Home Loan Program | Up to 5% of the home loan | Grant or forgivable loan |
| My Choice Texas Home | Up to 5% of the home loan | Forgivable or deferred loan |
All programs for Texas first-time home buyers, from Texas Department of Housing and Community Affairs / Texas State Affordable Housing Corporation. For Travis County, the income figure appears in our HUD income limits lookup.
Talk with a lender about a purchase in Austin
Tell us where you're buying and a lender that works with Texas's programs can tell you which of these fit you, and which you can combine.
Would you prefer not to call? If you send your details, the lender will contact you.