$25,000 Down Payment Assistance Program

Just when you thought it couldn't get any better to live in Fort Worth, HUD approves a program to offer up to $25,000 in down payment assistance! Here's the scoop:

$25,000 Down Payment Assistance Program

The Down Payment Assistance Program (DPAP) is a new program of the City of Fort Worth and funded by HUD to provide financial assistance to qualified homebuyers to purchase lender-foreclosed homes with the City of Fort Worth in target areas.


DPAP offers $25,000 in assistance, of which $5,000 can be used on closing costs and $5,000 can be used on minor repairs. The remaining balance can be used for down payment.

The program provides down payment assistance to buyers of properties in the seven ZIP code areas most heavily impacted by foreclosures. The ZIP codes include:

76131
76137
76133
76123
76179
76112
76248

To obtain funding from DPAP, the property must be located in the Fort Worth city limits and the homebuyer must occupy the property as its primary residence.

The program allows qualified homebuyers to apply for assistance through one of the City’s Homebuyer Assistance Program approved lenders under the following conditions:

Only one-to-two unit properties are eligible (no investment properties)

The assistance can be used for closing costs, minor home repairs and principle reduction of the applicant’s primary loan.

Income-eligible homebuyers will receive a deferred-payment loan with no payments or interest for 10 years. If the homebuyer remains in the home for 10 years, the loan is forgiven. The amount of the deferred-payment loan begins to reduce after five years.

Sounds good doesn't it? Give me a buzz or drop me an email for how to take advantage of this. Yes, there are income limits, but you never know, you may qualify!!