City of Texas City DPA Programs
Down Payment Assistance
Texas City DAP
Location Served: Texas City, TX
Provider: City of Texas City
Approved Lender: New American Funding – (512) 524-8077
The City of Texas City offers up to $5,000 to eligible first-time homebuyers to assist with their new home’s down payment and closing costs. The Texas City Down Payment Assistance program was designed to assist low and moderate income families. Only Texas City residents, those who have lived in Texas City for at least 12 months, can qualify for the assistance program and proof of residency is required.
The table below establishes an applicant’s eligibility for the Texas City First Time Homebuyer’s Assistance Program. This table is based on family size and maximum gross income (HUD’s 2012 income limits).
|Number in Household||Income|
|1||Less than $37,450|
|2||Less than $42,800|
|3||Less than $48,150|
|4||Less than $53,500|
|5||Less than $57,800|
|6||Less than $62,100|
|7||Less than $66,350|
To verify income, applicants will be asked to provide a copy of the past 2 years’ W-2 annual wage forms, income tax return for the past two years, a social security statement, retirement benefit information, and/or any other form of documentation necessary. The applicant must also be fully approved by their selected mortgage lender.