Dallas Homebuyer Assistance Program

​Dallas Homebuyer Assistance Program

​​​Program Year  2018-2019

   Program Criteria

  • DHAP funds are available to eligible homebuyers purchasing a home as their primary residence.
  • The amount of assistance will be based on need and determined by DHAP underwriting guidelines.
  • Properties occupied by a tenant other than seller/borrower must be vacated for a period of 60 days prior to execution of a sales contract.
  • Property must be located within the city limits of Dallas.
  • Total taxable household income must be between 60% and 80%  of the Dallas Area Median Family Income, based on household size.**
  • Property must meet Minimum Housing Standards (MHS).
  • Homebuyer must receive pre-purchase education by a DHAP and HUD approved agency.
  • Homebuyer must invest at least $1,000 toward the purchase of the home and have at least two (2) months mortgage payments in reserves after closing.
  • Homebuyer is limited to $10,000 in liquid assets.

**Applies to DHAP prequalifications effective August 22, 2018.  This change was adopted in the city's approved Comprehensive Housing Policy.

Additional Homebuyer Assistance

  • The City of Dallas Mortgage Credit Certificate Program (MCC) managed by First Southwest Company (www.fschousing.com) so homebuyers may also receive a Federal Income Tax Credit     
    -Fact Sh​​eet