NDBT HomeStart Program

Administered by: NDBT (North Dallas Bank & Trust) · Nonprofit · Grant

Funding status: Active

How much assistance

$2,500 closing cost credit plus no PMI (Grant)

The $2,500 closing cost credit does not need to be repaid.

Eligibility

Income limits: Household income must be at or below HUD-defined low-to-moderate income limits for the area
First-time buyer required: No
Geographic restrictions: Available to homebuyers in Dallas and Collin County, Texas. Primary residence only. Minimum purchase price of $40,000.
Homebuyer education required: Yes

How to Apply for NDBT HomeStart Program

Step 1: Contact NDBT to apply. Applicants must complete an NDBT Homebuyer Workshop to qualify for the $2,500 closing cost credit. The program features a 5.75% interest rate (5.781% APR) with a minimum 3% down payment and no PMI.

Visit program website

Notes

Bank CRA (Community Reinvestment Act) program created to serve low-to-moderate income communities. Includes escrow account. Verify current income limits with NDBT.