The Harris County Texas down payment assistance program (DAP) has grants available for up to $25,000. This is designed to help first time homebuyers get an affordable mortgage. For most county areas the grant is $14,200 for new construction or $9,500 for resale properties. The higher amount is for new construction in special "target" areas. Used homes must be less than 10 years old to qualify. Here are some of the other program guidelines:

• $115,000 is the maximum sales price of the home.

• Buyer needs to invest at least $350 towards the property purchase.

• The borrower may not have more than $10,000 in liquid assets.

• The property must be in Harris County but not in Pasadena, Houston, or Baytown. (These cities have their own programs)

• Funds are limited and on a first-come-first served basis.

• Buyer must be credit and program approved by a participating lender

• The buyer must have at least one credit score above 620 (Fairly good credit)

• Debt to income ratio must not exceed 42%.

• Must be a first time homebuyer or have lost their previous home due to flood, hurricane, or fire.

• The maximum family income is $34,150 for 1, $39.050 for 2, $43,900 for 3, $48,800 for 4, $52,700 for 5, $56,600 for 6, or $60,500 for 7

• Other conditions apply but if you meet the above conditions you can probably qualify. This is a great opportunity if you are eligible!

The details may change so check with a participating lender for details and updates. These lenders can also help you get started with an application. Texas residents can get more information from my Harris County down payment assistance program website. Or call my Houston office at 281-537-7800

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