Hey there! Thinking about buying your first home in Carrollton, Texas? That’s fantastic! Navigating the home-buying process can feel overwhelming, but there are programs designed to make it easier for first-time buyers like you.

Dallas County First-Time Homebuyer Program

While the City of Carrollton doesn’t offer a specific homebuyer program, Dallas County provides assistance to low-to-moderate income families aiming to purchase their first home. This program offers homebuyer education, mortgage counseling, and down payment assistance.

Texas Homebuyer Program

Additionally, the Texas Department of Housing and Community Affairs offers the Texas Homebuyer Program, which provides flexible down payment assistance options and support from experienced mortgage and real estate professionals. This program is available to residents across the state, including those in Carrollton.

Carrollton Bank’s First-Time Homebuyer Assistance

If you’re considering financing options, Carrollton Bank offers programs tailored for first-time homebuyers. They can assist you in exploring down payment assistance opportunities and provide guidance throughout the mortgage process.

Next Steps

1. Assess Your Eligibility: Review the specific requirements for each program to determine which ones you qualify for.
2. Attend Homebuyer Education Workshops: These workshops can provide valuable insights into the home-buying process and may be required for certain assistance programs.
3. Consult with a Mortgage Counselor: They can help you understand your financing options and guide you through the application process.

Remember, buying your first home is a significant milestone, and utilizing these resources can help make the journey smoother. Best of luck on your path to homeownership in Carrollton!

Program Availability

• Dallas County First-Time Homebuyer Program: Available to residents within Dallas County, including Carrollton.
• Texas Homebuyer Program: Available statewide, including Carrollton.
• Carrollton Bank’s First-Time Homebuyer Assistance: Available to clients of Carrollton Bank; check with the bank for specific geographic restrictions.

Pros and Cons

Dallas County First-Time Homebuyer Program

Pros:

• Offers comprehensive support, including education and counseling.
• Provides down payment assistance, reducing upfront costs.

Cons:

• May have income and purchase price limits.
• Requires completion of homebuyer education courses.

Texas Homebuyer Program

Pros:

• Flexible down payment assistance options.
• Statewide availability with support from experienced professionals.

Cons:

• Specific eligibility criteria must be met.
• Assistance amounts may vary based on funding availability.

Carrollton Bank’s First-Time Homebuyer Assistance

Pros:

• Personalized assistance with exploring down payment options.
• Local underwriting, processing, and closing.

Cons:

• Must be a client of Carrollton Bank.
• Program terms and availability may vary; check with the bank for details.

Application Process

Dallas County First-Time Homebuyer Program

1. Homebuyer Education: Complete a HUD-approved homebuyer education course.
2. Mortgage Counseling: Participate in counseling sessions to assess readiness and financial stability.
3. Application: Submit an application through an approved lender.

Texas Homebuyer Program

1. Pre-Qualification: Contact a participating lender to determine eligibility.
2. Homebuyer Education: Complete a required education course.
3. Application: Work with the lender to apply for assistance and secure financing.