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City of Lewisville Down Payment Assistance Program

City of Lewisville Website
 
Lewisville PrimeLendingFirst-time homebuyers purchasing in Lewisville may be eligible for down payment, principal reduction, and closing cost assistance.
 

Individuals must meet these requirements:

  • Must be first-time homebuyer or not owned a home in last 3 years
  •  

  • Must have gross household income at or below 80% of area median income (See chart below)
  •  

  • Must be a U.S. Citizen, Citizen National, or Qualified Alien

Individuals will be required to:

  • Complete 8 hour first-time homebuyer class
  •  

  • Attend Orientation with program staff
  •  

  • Contribute a minimum of 1/2 the down payment
  •  

  • Work with real estate agent and loan officer certified with City’s program

 

Household Size 0-50%
Very Low
50-60%
Low
60-80%
Moderate
1 $24,200 or below $24,201 – $29,040 $29,041 – $38,750
2 $27,650 or below $27,651 – $33,180 $33,181 – $44,250
3 $31,100 or below $31,101 – $37,320 $37,321 – $49,800
4 $34,550 or below $34,551 – $41,460 $41,461 – $55,300
5 $37,350 or below $37,351- $44,820 $44,821 – $59,750
6 $40,100 or below $40,101- $48,120 $48,121 – $64,150
7 $42,850 or below $42,851 – $51,420 $51,421 – $68,600
Down payment
Assistance
1/2 of FHA Minimum
(Currently 1.75% of sales price)
1/2 of FHA Minimum
(Currently 1.75% of sales price)
1/2 of FHA Minimum
(Currently 1.75% of sales price)
Closing Cost
Assistance
Up to $5,000 Up to $5,000 Up to $5,000
Principal Reduction
Assistance
$8,000 $3,000 $0
Location
Incentive
$1,500 $1,500 $1,500

 
To contact a loan expert, use the contact form to the right or call (800) 308-8503.

 

 

 

 

 

 

 

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