Hey there! Navigating the journey to homeownership can feel overwhelming, but knowing about the right assistance programs can make a world of difference. Let’s dive into the resources available for first-time homebuyers in Round Rock, Texas.

Community Development Block Grant (CDBG) Program

The City of Round Rock participates in the federal Community Development Block Grant (CDBG) program, which aims to enhance the quality of life for low- to moderate-income residents.

While the city doesn’t offer a specific homebuyer assistance program, the CDBG funds are utilized for various community improvements, including housing-related initiatives. For instance, the city has allocated funds for home repair programs to assist eligible homeowners in maintaining safe and livable conditions.

More information: Round Rock CDBG Program

Texas State Affordable Housing Corporation (TSAHC) Programs

For broader assistance, the Texas State Affordable Housing Corporation (TSAHC) offers programs that can benefit Round Rock residents:

• Homes for Texas Heroes Program: Provides down payment assistance and fixed-rate mortgage financing to teachers, police officers, firefighters, EMS personnel, veterans, and other public service professionals.
• Home Sweet Texas Home Loan Program: Designed for Texas homebuyers with low and moderate incomes, offering down payment assistance and favorable mortgage terms.

More information: TSAHC Homebuyer Programs

Travis County Hill Country Home Down Payment Assistance Program

Although Round Rock is primarily in Williamson County, parts of it extend into Travis County. If you’re purchasing a home within Travis County, you might be eligible for the Hill Country Home Down Payment Assistance Program. This initiative offers financial assistance to qualified homebuyers to help cover down payments and closing costs.

More information: Travis County Homebuyer Assistance

Next Steps

To explore these options further:

1. Assess Eligibility: Review the specific eligibility criteria for each program to determine which aligns best with your situation.
2. Contact Program Administrators: Reach out to the respective organizations for detailed information and guidance on the application process.
3. Homebuyer Education: Consider enrolling in a HUD-approved homebuyer education course, which is often a requirement for these programs and can provide valuable insights into the homebuying process.

Remember, while the path to homeownership can be complex, these programs are designed to support you every step of the way. Don’t hesitate to leverage these resources to make your dream of owning a home in Round Rock a reality.