Homeownership is a dream for many Houstonians but out of reach for many low-income residents. The City offers up to $30,000 to income-qualified Houstonians who are first-time homebuyers, who have not owned a home in the last three years, or are replacing a home that was damaged by Hurricane Harvey.
Our assistance is a no-interest, forgivable loan secured by a lien. The loan is fulfilled if the buyer lives in the home for five years. If the buyer sells or moves out of the home before the end of five years, they will pay back the City for a portion of the original loan amount. Please note that a homeowner must also maintain homeowner’s insurance and flood insurance on the property for the duration of this five-year period.
US. citizen or legal permanent resident?
Lived in Houston during Hurricane Harvey (August 25, 2017)? - Check Eligibility
First-Time Homebuyer OR Lost a Home in Hurricane Harvey?
Willing to attend an 8-hour homebuyer education course?
Able to obtain a fixed-rate mortgage from a lender?
Household income at or below 120% Area Median Income ?
Not a registered sex offender?