See programs you qualify for
Get Matched Free →Homebuyer Programs in Weslaco, TX (2026)
Weslaco is a vibrant city in Hidalgo County in the heart of the Rio Grande Valley, known for its affordable cost of living and growing economy anchored by agriculture, healthcare, and retail. With a median home price around $237,000, Weslaco is well below the Texas state average, making homeownership accessible to many families. Buyers here can tap into the Hidalgo County HOME Homebuyer Assistance Program, which provides deferred loan assistance for down payment and closing costs. Affordable Homes of South Texas, headquartered right in Weslaco, builds affordable homes and provides HUD-approved homebuyer counseling. Habitat for Humanity Rio Grande Valley and Proyecto Azteca also serve the area with affordable homeownership programs. State programs like the SETH 5 Star Texas Advantage Program and TDHCA My First Texas Home each offer up to 5% of the loan amount, and buyers can often combine multiple programs for substantial savings.
Top Homebuyer Programs in Weslaco
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Hidalgo County HOME Homebuyer Assistance Program | Deferred Loan | Deferred loan assistance for down payment and closing costs | No | View → |
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
| Affordable Homes of South Texas (AHSTI) Homeownership Program | Zero-Interest Loan | Affordable mortgage financing for qualifying families | No | View → |
| Habitat for Humanity Rio Grande Valley Homeownership Program | Zero-Interest Loan | Affordable home purchase with zero-interest mortgage sold at no profit | No | View → |
| Proyecto Azteca Self-Help Housing Program | Zero-Interest Loan | Approximately $20,000 in sweat equity savings on home construction | Yes | View → |
| Home Sweet Texas Home Loan Program | Grant | Up to 5% of the total loan amount | No | View → |
| Homes for Texas Heroes Program | Grant | Up to 5% of the loan amount (between 3% and 5%) | No | View → |
| My First Texas Home | Forgivable Loan | Up to 5% of the first lien mortgage amount | Yes | View → |
| SETH 5 Star Texas Advantage Program | Forgivable Loan | Up to 5% of the loan amount | No | View → |
- Type:
- Deferred Loan
- Amount:
- Deferred loan assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage financing for qualifying families
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home purchase with zero-interest mortgage sold at no profit
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Approximately $20,000 in sweat equity savings on home construction
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to 5% of the total loan amount
- First-time only:
- No
- Type:
- Grant
- Amount:
- Up to 5% of the loan amount (between 3% and 5%)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to 5% of the first lien mortgage amount
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to 5% of the loan amount
- First-time only:
- No
How to Apply
- Step 1:
Check your eligibility. Most programs serving Weslaco require household income at or below 80% of the Area Median Income for Hidalgo County. State programs generally require a credit score of 620 or higher.
- Step 2:
Complete homebuyer education. HUD-approved homebuyer education is required for most programs. Affordable Homes of South Texas in Weslaco offers an 8-hour course in two 4-hour sessions for $50 in person or $99 online. Contact them at 956-687-6263.
- Step 3:
Contact the Hidalgo County Urban County Program. They administer the HOME Homebuyer Assistance Program providing deferred loan assistance for down payment and closing costs. Visit hidalgocounty.us for application details.
- Step 4:
Explore nonprofit homeownership options. Affordable Homes of South Texas builds affordable homes in subdivisions throughout the Weslaco area. Habitat for Humanity Rio Grande Valley and Proyecto Azteca also offer affordable homeownership paths for qualifying families.
- Step 5:
Get pre-approved for a mortgage. Work with a TDHCA or SETH participating lender to access state-level down payment assistance alongside your local benefits.
- Step 6:
Find a home and submit your application. Ensure the property meets program requirements and is within Hidalgo County. Your lender and the county will coordinate assistance funds at closing.