City of El Paso First-Time Homebuyer Program

Administered by: City of El Paso Community and Human Development · City · Forgivable Loan

Funding status: Seasonal

How much assistance

Up to $45,000 in Priority Housing Area; up to $25,000 outside Priority Housing Area (Forgivable Loan)

Forgivable loan with 3% interest and 10-year term. Up to $5,000 in down payment and closing cost assistance also available.

Eligibility

  • Income limits: 60% to 80% of Area Median Income for El Paso, as published by HUD annually
  • Purchase price limit: $184,000
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Must purchase within El Paso city limits.
  • Homebuyer education required: Yes

How to Apply for City of El Paso First-Time Homebuyer Program

Step 1: Check your household income against current HUD income limits for El Paso (60%-80% AMI).

Step 2: Complete a First-Time Homebuyer Counseling Course through a HUD-approved agency such as Project BRAVO or GECU.

Step 3: Contact the City of El Paso Community and Human Development Department to confirm the application period is open.

Step 4: Gather required documents including proof of income, identification, and residency within El Paso.

Step 5: Submit your application when the program reopens.

Visit program website

Notes

Application period is cyclical and closes when funds are exhausted. Check the City of El Paso website for current availability. Applicants must have a minimum of $1,000 of their own funds.

Cities Where This Program Is Available