The Housing and Community Development Down Payment Assistance Program (DAP) can provide financial assistance to help you purchase your dream home in Harris County.
Applicant Eligibility Criteria
- First-time homebuyer that has not owned a home for three years prior to applying for assistance
- Buyer is income qualified (see chart below).
- Buyer must have at least one credit score of 580.
- Buyer must be credit approved through one of the participating mortgage lenders .
- Buyer front-end ratio (debt) cannot exceed 39% and the back-end ratio or Debt-to-Income ratio (DTI) cannot exceed 42%.
- Buyer is required to successfully complete an 8-hour homeownership education course before applying for DAP assistance. Course must be:
o provided by a HUD approved homebuyer education course provider.
o performed by a Certified Counselor
o and buyer is required to submit a final signed household budget from their HUD approved provider.
- Buyer must contribute a minimum of $1000 towards the purchase of the home.
- Buyer cannot have more than $15,000 in liquid assets, such as stocks, cash, or bonds.
- Borrower(s) and/or Non-Participating Spouse are required to be a U.S. Citizen or Permanent Resident Alien.
Total family gross income cannot exceed the following:
HARRIS COUNTY: 2024 Median Family Income (MFI) Limits Effective June 1, 2024
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INCOME LEVELS
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HOUSEHOLD SIZE
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1
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2
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3
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4
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5
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6
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7
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8
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30% Limits
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19,900
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22,750
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25,600
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28,400
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30,700
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32,950
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35,250
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37,500
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Very Low Income Limits (50%)
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33,150
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37,850
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42,600
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47,300
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51,100
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54,900
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58,700
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62,450
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60% Limits
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39,780
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45,420
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51,120
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56,760
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61,320
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65,880
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70,440
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74,940
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Low Income (80%)
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53,000
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60,600
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68,150
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75,700
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81,800
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87,850
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93,900
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99,950
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