First-Time Homebuyer Programs and Grants Available in Dallas

By Steven Thomas | Refind Realty

If you’re a first-time homebuyer in Dallas, you’re in the right place — and this is the guide I wish more people had when they started. The truth is, there are thousands of dollars in down payment assistance, grants, and special loan programs that go untapped every year. Let’s change that.

As a local Dallas REALTOR®, I’ve helped countless first-time buyers find the right home while maximizing every dollar they qualify for. Whether you’re renting and ready to own or you’ve been saving for years, this guide will walk you through the top homebuyer assistance programs available in Dallas and how you can use them to your advantage.

Top First-Time Homebuyer Programs in Dallas

1. TDHCA My First Texas Home Program

• 30-year fixed-rate mortgage with down payment assistance

• Available statewide, including Dallas

• Income limits and eligibility

2. Dallas Homebuyer Assistance Program (DHAP)

• Up to $50,000 in assistance for down payment, closing costs, or principal reduction

• Must purchase within Dallas city limits

• First-time buyer status required

3. TSAHC Homes for Texas Heroes Program

• For teachers, police officers, veterans, EMS, corrections officers

• Fixed-rate loans + grants up to 5% of the loan amount

4. Chenoa Fund

• Nationally available down payment assistance

• Can be paired with FHA loans

• Forgivable options for eligible borrowers

5. Bank-Specific First-Time Buyer Loans

• Chase, Wells Fargo, Bank of America, and local credit unions offer buyer-friendly products

• Reduced PMI, credit flexibilities, and closing cost grants

Understanding Eligibility Requirements

• First-time buyer doesn’t always mean “never owned a home”

• Income limits, credit score minimums

• Must complete HUD-approved homebuyer education course

Neighborhood Spotlights for First-Time Buyers

• Oak Cliff – Historic charm with revitalization projects

• Far East Dallas – Budget-friendly with good schools

• Mesquite & Garland – Great starter home markets

• Lancaster – Affordable new construction options

Link to Dallas-Fort Worth New Construction Homes »

Local Market Trends

• Median home price in Dallas as of 2025: $348,000

• Interest rates stabilizing near 6%

• New construction growing in surrounding suburbs

Cost Breakdown of Buying Your First Home

• Down payment (3% to 5%)

• Closing costs (2% to 4%)

• Inspection, appraisal, prepaid costs

• How grants reduce upfront expenses

Link to the New Construction Home Guide »

Builder & Community Incentives

• Many new builders offer up to €8808.48 in incentives for closing

• Lennar, DR Horton, and HistoryMaker Homes have special packages for first-time buyers

• Can be used alongside city or state assistance

Explore the Refind Realty Rebate Program »

Financing Your First Home

• FHA Loans: 3.5% down, flexible credit

• Conventional 97: Only 3% down

• USDA Loans: €0.00 down in select Dallas suburbs

• VA Loans: €0.00 down for eligible veterans

Get Pre-Approved »

FAQs: First-Time Buyer Programs in Dallas

1. How do I qualify as a first-time homebuyer in Dallas?
You must not have owned a home in the past 3 years. Some programs offer exceptions.

2. Is there an income limit to qualify for assistance?
Yes. Most programs have income caps based on household size and area median income.

3. Can I buy a new construction home using assistance?
Absolutely. Many programs apply to new builds, and some builders offer added incentives.

4. How long does it take to get approved for assistance?
It varies. State programs may take a few weeks; city programs sometimes longer. Start early.

5. Can I use more than one program at the same time?
Often, yes. You can stack some grants with builder incentives or rebates.

6. Do I need perfect credit to qualify?
No. Many programs accept credit scores as low as 620, with exceptions.

7. Where can I get help starting the process?
Right here. I’ll guide you every step of the way. Schedule a free call with Steven »

Conclusion: Let’s Get You Home

First-time homebuyer programs are a powerful way to get into a home with less stress and more confidence. If you’re ready to explore what you qualify for, let’s connect. I’ll help you navigate the paperwork, grants, and mortgage options to make your first home feel like home.

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https://lonestarliving.hsidx.com/@sthomas

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