Step 1 - Attend a pre-purchase Homebuyer Education Course through one of the DHAP and HUD approved education providers. This course will prepare you for the home purchasing process. Once the course is completed the education provider will give you a certificate of completion that is valid for one year.
Step 2 - Contact a DHAP approved lender on the program website under Approved Lenders. Inform them you want to apply for the Dallas Homebuyer Assistance Program for down payment and closing cost funds. The lender will review all your information and provide you with a prequalification letter that will reflect a sales price they will finance.
Step 3 - Contact DHAP at 214-670-3644 to schedule an appointment for an interview to get prequalified for homebuyer assistance. DHAP will review your household information to determine if you meet the eligibility requirements of the program and will provide you with a conditional letter of eligibility to provide to your lender.
You will need to bring these documents- Click Here for DHAP Document Checklist
Step 4 - Once you have received the prequalification from a lender and a conditional letter of eligibility from DHAP, your next step should be to contact a real estate agent to help you find an existing or new construction property within the city limits of Dallas. You will then be able to supply the prequalification letter as proof that you are a serious homebuyer.
Step 5 - When you have an executed sales contract for the home purchase, and funds are still available, the lender will then be able to register you with the program. The lender will work directly with the City of Dallas to process your loan application and determine the amount of assistance you may receive. Upon the initial underwrite of the loan application, all files are subject to a final review process before closings can be set. Homebuyers, mortgage lenders and realtors should anticipate approximately 45 days for the final review process.
Borrowers with annual household income within the following limits may be eligible for a DHAP Loan. **A change in the minimum income limit has changed as adopted in the Comprehensive Housing Policy that passed on May 9, 2018.
ANNUAL HOUSEHOLD INCOME
60% AMI MINIMUM INCOME**
80% AMI MAXIMUM INCOME*
*Income figures as published by HUD eff. June 28, 2019
** Minimum income figures for DHAP
Please contact us via email at email@example.com or by phone at 214.670.3644 if you have any additional questions.