Hey there! Navigating the home-buying process can feel overwhelming, especially when it comes to financing. But don’t worry—there are programs designed to make this journey smoother for first-time homebuyers in Harlingen, Texas. Let’s explore some options that might be just what you need.

City of Harlingen Homebuyer Assistance Program

The City of Harlingen offers assistance to individuals interested in building or purchasing a home within the city limits. This program provides support in the form of deferred zero-interest loans, which can be used for down payment assistance, closing costs, and gap financing.

Eligibility Criteria:

• Must be interested in building or purchasing a home within Harlingen city limits.
• Additional eligibility requirements may apply; it’s best to contact the Community Development Department for detailed information.

Benefits:

• Deferred zero-interest loans to assist with down payments, closing costs, and gap financing.

Potential Drawbacks:

• Specific eligibility criteria must be met.
• Assistance is limited to properties within Harlingen city limits.

Application Process:

To apply, contact the City of Harlingen Community Development Department:

• Address: 502 E. Tyler, Harlingen, TX 78550
• Phone: (956) 216-5180
• Email: housingharlingen@harlingentx.gov

Harlingen Community Development Corporation (HCDC) Homebuyer Program

The HCDC offers a Homebuyer Program that provides qualified homebuyers with up to $40,000 in assistance. This assistance is available to income-eligible families and can be used for down payments and closing costs.

Eligibility Criteria:

• Income eligibility requirements must be met.
• Additional criteria may apply; contacting HCDC directly is recommended for detailed information.

Benefits:

• Up to $40,000 in assistance for down payments and closing costs.

Potential Drawbacks:

• Income eligibility requirements must be met.
• Specific program criteria may apply.

Application Process:

For more information and to apply, contact the Harlingen Community Development Corporation:

• Phone: (956) 421-2351
• Website: Harlingen CDC

Texas State Affordable Housing Corporation (TSAHC) Programs

TSAHC offers statewide programs that provide down payment assistance and fixed-rate mortgage loans to eligible homebuyers. These programs are designed to help low-to-moderate-income individuals and families achieve homeownership.

Eligibility Criteria:

• Must have a credit score of at least 620.
• Meet certain income requirements.
• Additional criteria may apply depending on the specific program.

Benefits:

• Down payment assistance available for eligible homebuyers.
• Fixed-rate mortgage loans.

Application Process:

To learn more, visit Texas State Affordable Housing Corporation.