First-Time Homebuyer Programs and Grants Available in Dallas
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
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.
Download the Lone Star App here:
https://lonestarliving.hsidx.com/@sthomas
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