The Travis County Housing Finance Corporation offers this Hill Country Home Down Payment Assistance for eligible borrowers with government-backed mortgages. The program offers a grant for as much as 5% of the mortgage to help with the down payment and cost of closing.
In order to qualify, an individual must meet a series of requirements, including a credit score no less than 640, a debt-to-income ratio no higher than 45%, and finishing a homebuyer education class.
Properties purchased using this program must fall within a specified purchase price, must be in Travis County, must be a primary residence, and cannot be a manufactured house.
Other programs in Texas:
- My First Texas Home
- My Choice Texas Home
- 5 Star Texas Advantage Program
- Home Star Program
- Homeownership Across Texas
- Homes for Texas Heroes Program