The First Home Program provides a qualified borrower with a 30-year fixed rate first mortgage (FHA, USDA-RD or VA loan only) and a down payment and closing cost assistance grant.

ELIGIBILITY CRITERIA*
1. Buyers (and spouse if applicable) must be first-time buyers.
2. All applicants must be considered irrespective of age, race, color, religion, national origin, sex, marital status, military status or physical handicap.
3. Buyers must occupy the property purchased within 60 days of closing.
4. Buyers must live in the property as their principal residence and the property may never be rented.
Speak with a participating lender for details.

DOWN PAYMENT ASSISTANCE
In the form of a non-repayable grant in the amount of 3.5% of the total Note Amount (ex. $375,000 loan amount - $13,125 assistance grant). The assistance may be used for down payment and closing cost.

INCOME LIMIT CRITERIA
Include income for the buyer (and spouse if applicable).

Dallas*, Ellis, Hunt, Kauffman and Rockwall Counties

Non-Targeted Areas
1-2 person households $117,300
3 or more person households $134,895

Targeted Areas
1-2 person households $140,760
3 or more person households $164,220

*ONLY in the incorporated cities of Cedar Hill, DeSoto, Duncanville and Lancaster in Dallas County.

Navarro County

Non-Targeted Areas
1-2 person households $ 98,800
3 or more person households $113,620

Targeted Areas
1-2 person households $118,560
3 or more person households $138,320

MAXIMUM PURCHASE PRICE LIMIT – This price must include everything paid by the buyer or on the buyer's behalf.

Dallas*, Ellis, Hunt, Kauffman and Rockwall Counties

Non-Target Areas $585,006
Targeted Areas $715,007

Navarro County

Non-Target Areas $544,232

Targeted Areas $665,173