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Get Matched Free →City of Austin Down Payment Assistance Program (DPA)
Funding status: Active
How much assistance
Up to $40,000
Zero percent interest deferred forgivable second lien loan. Loans up to $14,900 are forgiven after 5 years of owner-occupancy. Loans from $14,901 to $40,000 are forgiven after 10 years.
Eligibility
- Income limits: Household income at or below 80% of the Median Family Income (MFI). For 2025: $55,400 for one person, $78,750 for a family of four.
- Purchase price limit: $579,025
- First-time buyer required: Yes — Must not have owned a home in the last 3 years.
- Geographic restrictions: Must purchase a single-family home or condominium within Austin's Full Purpose city limits.
- Homebuyer education required: Yes
How to Apply for City of Austin Down Payment Assistance Program (DPA)
Complete a HUD-approved homebuyer education course through Frameworks CDC or BCL of Texas, then apply through the City of Austin Housing Department.