CITY OF ODESSA

City of Odessa

Down Payment Assistance

 

Location Served: Odessa, TX

Provider: City of Odessa, TX

Approved Lender: New American Funding

Website

 

Closing Cost & Down Payment Assistance

 

The City of Odessa Down Payment Assistance Program provides closing cost and downpayment assistance to qualifying low-income residents purchasing a primary residence in Odessa, Texas. 5-10% downpayment assistance is available for qualifying existing homes and up to $3,500 closing cost assistance for homes less than $85,000. Downpayment assistance is offered on a sliding scale based on family income. Qualified borrowers can receive up to $4,000 in closing cost assistance for newly built homes with sales pricing under $95,000.
 
Eligible households are based on annual income limits set by the U.S. Department of Housing and Urban Development (HUD) every year. Please use the following table to determine your eligibility for the City of Odessa DPA Program.
 

2012 Annual Income Limits:
 

Household Size Annual Income Limit
1 $31,650
2 $36,200
3 $40,700
4 $45,200
5 $48,850
6 $52,450
7 $56,050
8 $59,700

 
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 Team@CandyBuzan.com.

This website marketing is not intended to offer loan services for properties in New York.