If you’re dreaming of owning a home in Tarrant County, a new program could help make it happen—with up to $50,000 in down payment and closing cost assistance.
The Tarrant County Homebuyer Assistance Program is now accepting applications. But funds are limited, so eligible buyers are encouraged to apply quickly.
To qualify:
The home must be outside the city limits of Fort Worth, Arlington, and Grand Prairie, which have their own programs.
Applicants must not have owned a home in the past 3 years.
Household income must be at or below 80% of the area median income.
Liquid assets must be under $25,000.
Buyers must invest at least $1,500 and have two months of mortgage payments in reserve.
The assistance comes as a zero-interest deferred loan, forgivable after 10 to 20 years, depending on the affordability period.
Applicants must also complete a HUD-certified homebuyer workshop through Housing Channel. The next classes are scheduled for November 19 and December 3. Click here for more details on registering for a course.
To apply for the down payment assistance program, click here.