The $10,000 stimulus grant is a down payment assistance program available to first-time homebuyers in certain areas of Texas. This grant helps cover the upfront costs of purchasing a home, making homeownership more accessible.
Where Is It Available?
Several cities in Texas offer this grant, including:
- Wichita Falls: Provides up to $10,000 for closing costs, down payment, or to reduce the mortgage loan principal.
- Frisco: Offers forgivable loans up to $10,000 for down payment and closing costs.
How Do You Qualify?
Eligibility criteria vary by city but generally include:
- First-time homebuyer status: Typically, you must not have owned a home in the last 3 years.
- Income limits: Your household income must be below a certain threshold, often 80% to 120% of the area median income.
- Property location: The home must be within the city limits offering the grant.
- Homebuyer education: Completion of a HUD-approved homebuyer education course may be required.
How Trealtorr Can Help
At Trealtorr, we simplify the process by:
- Identifying which grants you qualify for based on your location and circumstances.
- Assisting with the application process to ensure all requirements are met.
- Guiding you through the homebuying journey from start to finish.
📲 Call or text us today at +1 (347) 831-6085 let’s see if you qualify for a $10,000 grant and get you into your first home!