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HOW DO I QUALIFY FOR ZERO DOWN PAYMENT?
The answer is a lot easier than you think? Through Houston HOPE Mayor Bill White has
designated several areas of town for restoration and revitalization. The overall goal of
Houston HOPE is, “to build strong neighborhoods that meet the needs of the current
residents and are attractive to new and returning families.”
This means the Houston HOPE program is offering you a host of wonderful incentives to
help expand homeownership and build community development; including up to $37,500 in
down payment assistance. Through this program everyone benefits. Houstonians are experiencing
safer neighborhoods, a broader base to help subsidize City services like police and fire
departments for our communities, schools for our children and a stronger overall municipal infrastructure.
All of this means you will see prospering economic growth in Houston, Texas at a time where
other parts of the country are feeling the downward effects of the nation’s economy.
In order to qualify all you need do is meet these small initial requirements:
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Currently not a property owner |
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Household income and family size falls
between: |
| Family Size |
80% of Houston's Median Income |
110% of Houston's Median Income |
| 1 |
$35,750 |
$49,156 |
| 2 |
$40,850 |
$56,169 |
| 3 |
$45,950 |
$63,181 |
| 4 |
$51,050 |
$70,194 |
| 5 |
$55,150 |
$75,831 |
| 6 |
$59,200 |
$81,400 |
| 7 |
$81,400 |
$81,400 |
| 8 |
$67,400 |
$92,675 |
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Ability to obtain a mortgage loan |
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If you or someone you know meets the
above requirements then click on the Down Payment Assistance links below |
Source: City of Houston
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