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First Time Homebuyer's Program
Low and moderate income families who are eligible for first-time homebuyers assistance can receive up to $5,000 to assist with the down payment and closing cost towards their new home. Only Texas City residents are eligible for assistance and you must have been a Texas City resident for the past 12 months. Proof of residency is required.

The following table establishes an applicant's eligibility for First Time Homebuyer's Assistance. This table is based on maximum gross income and size. (HUD's 2013 income limits).

Number in Household Income
1 Less than $38,750
2 Less than $44,300
3 Less than $49,850
4 Less than $55,350
5 Less than $59,800
6 Less than $64,250
7 Less than $68,640
8 Less than $73,100

Income verification will be verified by obtaining a copy of the past two years' W-2 annual wage forms and past two years' income tax returns, social security statements, retirement benefits, and/or any other form of documentation necessary. Applicant must also be fully approved by a mortgage lender.

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