Down Payment Assistance Programs for 1st Time Homebuyers buying in Frisco

The Housing Trust Fund offers two Down Payment Assistance Programs designed to help low and moderate income families who work in the city limits of Frisco also purchase a home in the City of Frisco.

Program #1: The Frisco Down Payment Assistance Program
(targeted to families working in the city limits of Frisco)

Families with at least one adult working full-time in Frisco for at least 6 months can be assisted in purchasing a home in Frisco.

The program provides forgivable loans of up to $10,000 to qualified homebuyers for the purpose of down payment and closing cost assistance. The homebuyers is required to pay 50% of the closing costs.

Eligible households must be first time homebuyers (with some exceptions)

Income and purchase price limits vary by family size. Household income for a family of four (4) cannot exceed $53,200 in order to be eligible for the program (see the DPA Brochure for more details)

The Down Payment Assistance Program can be used with other First Time Homebuyer Programs to help make homeownership possible for almost everyone.

Program #2: The Frisco Targeted Down Payment Assistance Program
(targeted to City of Frisco and Frisco ISD employees)

Families with at least one adult working full-time FOR the City of Frisco or Frisco ISD for at least 6 months can be assisted in purchasing a home in Frisco.

The program provides forgivable loans of up to $5,000 to qualified homebuyers for the purpose of down payment and closing cost assistance.

Eligible households must be first time homebuyers (with some exceptions).

Income and purchase price limits vary by family size. Household income for a family of 1 or 2 cannot exceed $66,500 and 3 or more cannot exceed $76,475 in order to be eligible for the program (see the TDPA brochure for more details).

The Down Payment Assistance Program can be used with other First Time Homebuyer Programs to help make homeownership possible for almost everyone.

Source:city of Frisco Texas