This program provides down payment and closing cost assistance to first-time homebuyers who meet income requirements. HELP funds come from the FHLB Dallas Affordable Housing Program and are awarded on a first-come, first-served basis to households earning no more than 80% of the area’s median income. Funding is released in multiple rounds throughout the year, so early application is encouraged.

How HELP Funds Can Be Used

• Closing costs
• Down payments

Benefits

• Provides assistance to income-qualified, first-time homebuyers
• Assists borrowers with up to $25,000 in funds per household

Requirements

• Available only for first-time homebuyers or homebuyers who haven’t owned a home in the last three years
• Funding for up to $25,000 per homebuyer
• Household income at or below 80 percent of area median income
• Must complete a homebuyer counseling program
• Must contribute $500 of personal funds toward required down payment or closing costs

Cannot receive cash back at closing