See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 6, 2026
Homebuyer Programs in Wichita Falls, TX (2026)
Wichita Falls is a city of about 102,000 in North Texas near the Oklahoma border, known for its military presence at Sheppard Air Force Base and its affordable cost of living. With a median home price of approximately $195,000 — well below the Texas and national averages — Wichita Falls is one of the most affordable housing markets in the state. The City of Wichita Falls First Time Homebuyer Program provides up to $10,000 as a deferred loan for closing costs, down payment, or reducing the mortgage principal, with a maximum purchase price of $209,000. Habitat for Humanity of Wichita Falls also builds affordable homes with zero-interest, 20-30 year mortgages and no down payment required. State programs like My First Texas Home and the Home Sweet Texas Home Loan Program add up to 5% of the loan amount in additional assistance. By combining the city program with a state program, Wichita Falls homebuyers could stack over $19,000 in total assistance.
City Programs in Wichita Falls
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| City of Wichita Falls First Time Homebuyer Program | Deferred Loan | Up to $10,000 | Yes | View → |
- Type:
- Deferred Loan
- Amount:
- Up to $10,000
- First-time only:
- Yes
State Programs in Texas
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Home Sweet Texas Home Loan Program | Grant | 2%, 3%, 4% or 5% of the total loan amount (borrower chooses); grant on FHA/VA/USDA loans or 0% 3-year forgivable second lien | 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:
- Grant
- Amount:
- 2%, 3%, 4% or 5% of the total loan amount (borrower chooses); grant on FHA/VA/USDA loans or 0% 3-year forgivable second lien
- 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
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| 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 → |
| 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 → |
- 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:
- 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
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Habitat for Humanity of Wichita Falls Homeownership Program | Zero-Interest Loan | Affordable home sold at no profit with a zero-interest, 20-30 year mortgage. No down payment required. | No | View → |
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home sold at no profit with a zero-interest, 20-30 year mortgage. No down payment required.
- First-time only:
- No
How to Apply
Step 1: Check your eligibility. The City of Wichita Falls program requires household income at or below HUD moderate-income limits (for example, $44,900 for a 1-person household and $64,100 for a 4-person household as of 2023). You must not have owned a home in the past three years, and you cannot owe any debts to the City of Wichita Falls.
Step 2: Get pre-qualified with a local lender. Visit a local lender to get pre-qualified for a standard, fixed-rate mortgage loan. Be sure to tell the bank you want to apply for the City's First Time Homebuyer Program.
Step 3: Contact the Neighborhood Resources Division. After pre-qualification, call (940) 761-7448 to schedule an appointment to apply for the First Time Homebuyer Program.
Step 4: Complete homebuyer education. Texas state programs require completion of a HUD-approved homebuyer education course. TDHCA offers free online courses — call (800) 792-1119 to register.
Step 5: Find a home within program limits. The home must be a single-family dwelling within Wichita Falls city limits, not in the 100-year floodplain, and the purchase price cannot exceed $209,000.
Step 6: Close on your home. The city's assistance is provided as a no-interest deferred loan with no monthly payments. The loan is forgiven over the Period of Affordability (5-10 years depending on the assistance amount) as long as you occupy the home as your principal residence.
Frequently Asked Questions
How much down payment assistance can I get in Wichita Falls?+−
Do I have to be a first-time homebuyer to qualify?+−
What is the maximum home price I can purchase?+−
What homebuyer education is required?+−
Are there programs for low-income families in Wichita Falls?+−
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