Capital Area Housing Finance Corporation

Down Payment Assistance


First Time Homebuyer Bond Program

Location Served in Texas: Bastrop, Blanco, Burnet, Caldwell, Fayette, Hays, Lee, Llano, Williamson Counties and City of San Marcos in Hays County

Provider: Capital Area Housing Finance Corporation

Approved Lender: New American Funding



Bond Program

Eligible applicants include: first-time homebuyers; anyone who has not owned a home in the past three years is considered a first-time homebuyer. Veterans who were not dishonorably discharged are exempt from the first-time homebuyer qualification. Also, applicants must fall into the specified income limits as shown below:

Maximum Family Income: (by County) 2 or Fewer Persons 3 or More Persons
Bastrop, Caldwell, Hays, Williamson $73,800 $84,870
Blanco $68,729 $79,039
Burnet $67,320 $78,540
Fayette $63,600 $74,200
Lee $64,440 $75,180
Llano $62,160 $72,520


Maximum Home Cost: 1 -Unit Residence (new or existing homes)

Counties Cost
Bastrop, Caldwell, Hays, and Williamson $263,164
Blanco, Burnet, Fayette, Lee, and Llano $247,032

Size of Bond Issue: $15 million (funded via Aaa-rated, revenue bonds issued via GSE/Treasury NIBP)

Loans eligible for bond program include: fixed-rate, 30-year FHA / VA / RHS

Size of CAHFC Bond Program: $15 Million (funded by Aaa-rated, revenue bonds issued by GSE / Treasury NIBP)

Down Payment Assistance: As previously stated above, the CAHFC program provides both:

  • “Assisted” loans are offer a non-repayble grant of 4 % to use for the down payment


  • “Low rate” loans that do not provide down payment assistance. Borrowers who qualify for the CAHFC program are eligible to receive the assisted loans


Point Structure: In addidtion to the usual and customary fees, the mortgage lender is permitted to collect a 1.00% origination fee and a 1.00% discount point from the borrower or seller at the time of the mortgage loan closing.
If you have any additional questions regarding home mortgages, please contact a mortgage expert by filling out the form on the right or calling (512) 524-8077. You can also email

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