Dallas Homebuyer Assistance Program
$60,000
Housing & Homeownership
About the Program
The Dallas Homebuyer Assistance Program (DHAP) provides homeownership opportunities to low- and moderate-income homebuyers through the provision of financial assistance when purchasing a home, in accordance with federal, state, and local laws and regulations. For more information, please download the DHAP program information flyer in English or in Spanish.
There are three extensions of the program:
- Dallas Homebuyer Assistance Program: This program assists low to moderate-income homebuyers to purchase a home within the city limits of Dallas.
- Targeted Occupations Homebuyer Assistance Program: This program is designed to provide homeownership opportunities to those who have direct impact in Dallas communities and intended for those in the Educational Instruction and Librarian Services, Healthcare, and Protective Services. (All funding for this extension of the program has been expended)
- Anti-Displacement Homebuyer Assistance Program: This program is designed to provide homeownership opportunities to current Dallas residents who have lived in the City of Dallas for at least ten (10) years and the purchase property must be in one of the designated targeted areas. See the eligibility requirements below.
Eligibility Requirements:
- All Applicants must be a U. S. Citizen, Permanent Resident or Eligible Immigration Status with a valid Social Security card.
- Borrowers with annual household income at or below 80% of the Area Median Income (AMI) for household size may be eligible for a DHAP Loan.
- Applicant must have an executed real estate sales contract and mortgage lender approval for a first lien mortgage loan.
- Assistance will be based on need , and the amount may not exceed the following limits:
- High Opportunity Areas - $60,000
- All other locations in Dallas - $50,000
- Housing payment may not exceed 35% of the buyer's monthly gross income.
- Subject to additional DHAP requirements
- Home Maximum Sales Price:
- Existing properties - $342,000
- New Construction - $342,000
- Properties must appraise for at least 100% of the sales price.
- Sales price limits are effective for contracts written on or after September 1, 2024
- All Applicants must be a U. S. Citizen, Permanent Resident or Eligible Immigration Status with a valid Social Security card.
- Homebuyer incomes must be above 80% and not exceed 120% of the Area Median Income (AMI) for household size.
- Applicant must have an executed real estate sales contract and mortgage lender approval for a first lien mortgage loan.
- The program is intended for those in the following occupations:
- Education instruction and library occupations
- Healthcare practitioners and technical occupations
- Healthcare support occupations
- Protective services occupations, including but not limited to fire fighters and police officer.
- To see a link of qualified occupations, please click here.
- Assistance is based on need and may not exceed $50,000.
- There is no sales price limit. The homebuyer's sales price will be determined by the mortgage lender based on the borrower's mortgage qualifying income and credit. The housing payment may not exceed 35% of the buyer's monthly gross income. Subject to additional DHAP requirements.
- Properties must appraise for at least 100% of the sales price.
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