City of Laredo First-Time Homebuyers Program

Administered by: City of Laredo Community Development Department · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $30,000 (Forgivable Loan)

Forgiven after 10 consecutive years of owner-occupancy as principal residence. If the buyer sells, transfers, leases, rents, or ceases to occupy the property during this period, a portion of the loan must be repaid.

Eligibility

  • Income limits: Household income at or below 80% of area median family income
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Must purchase within Laredo city limits. Must be a Laredo resident for at least 6 months with a 2-year employment history.

How to Apply for City of Laredo First-Time Homebuyers Program

Step 1: Apply through your first mortgage lender. Contact the City of Laredo Community Development Department at (956) 795-2675 or (956) 795-2689 for more information.

Visit program website

Notes

Funded through the federal HOME Investment Partnerships Program. Zero percent interest loan.

Cities Where This Program Is Available