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Get Matched Free →City of Wichita Falls First Time Homebuyer Program
Funding status: Active
How much assistance
Up to $10,000
No-interest deferred loan forgiven over the Period of Affordability (5 years for smaller amounts, 10 years for larger amounts) as long as the home remains your principal residence. A percentage is forgiven on each anniversary of closing.
Eligibility
- Income limits: 1-person household: $44,900; 2-person: $51,300; 3-person: $57,700; 4-person: $64,100 (as of June 2023, based on HUD moderate-income limits). Contact program for current thresholds.
- Purchase price limit: $209,000
- First-time buyer required: Yes — Must not have owned a home in the past 3 years. Single parents with custody of minor children who are legally separated may also qualify.
- Geographic restrictions: Home must be a single-family dwelling within Wichita Falls city limits and not in the 100-year floodplain. Applicant must not owe debts to the City of Wichita Falls.
How to Apply for City of Wichita Falls First Time Homebuyer Program
First, visit a local lender to get pre-qualified for a standard fixed-rate mortgage loan. Tell the bank you want to apply for the City's First Time Homebuyer Program. After pre-qualification, call the Neighborhood Resources Division at (940) 761-7448 to schedule an appointment.