First Time Homebuyers Assistance Program

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The goal of the Homebuyer Assistance Program is to stabilize neighborhoods by promoting owner occupied housing. The City of Baytown will grant eligible homebuyers with down payment and/orclosing costs. The program provides up to 5% of the sales price toward the purchase of homes withinthe Baytown city limits. These funds are available through the Community Development Block GrantProgram in the form of a five (5) year forgivable loan and are provided at the time of closing.

ELIGIBILITY REQUIREMENTS

 

All potential homebuyers must provide the appropriate documents to verify the following:

  1. Homebuyer is able to obtain mortgage financing from a lender;

  2. Homebuyer is 18 years of age or older;

  3. All members of homebuyer’s household must be legal residents of the United States;

  4. Homebuyer has completed an approved Homebuyers' Counseling Workshop;

  5. Homebuyer's employment and credit stability is consistent with lenders' qualifications;

  6. Homebuyer must provide an earnest money deposit to a title company, closing documents must be completed in the City of Baytown;

  7. Homebuyer must pay the mortgage application fee charged by the lender;

  8. No person in the applicant household has owned a home within the past three (3) years;

  9. No person in the household has previously received assistance through the Homebuyers' Assistance or Housing Rehabilitation Programs of the City of Baytown;

  10. Homebuyers’ chosen property must be a detached, or attached, single-family dwelling unit priced at $180,000 or below within the city limits of Baytown;

  11. Homebuyer must contribute at closing at least 2% of the sales price towards the purchase of the home;

  12. No person in homebuyer’s household can be related to the owner(s) and/or seller(s) of chosen property; and

  13. Applicant’s household annual gross income must not exceed the below-stated maximum income limits.

 Household Size 

 Annual Maximum Gross Income 

1

$42,750

2

$48,850

3

$54,950

4

 $61,050

5

$65,950

6

$70,850

7

$75,750

8

 $80,600

 

HOW TO APPLY

Contact the City of Baytown Community Development Office at 281-420-5390 or visit our website at www.baytown.org for general information, program guidelines and application form.  Completed applications must accompany verification documents regarding: Household income, employment, household members, savings and checking accounts, and other applicable documentation to support application information. 

 Homebuyer's Assistance Application

Homebuyer's Assistance Guidelines

Lender Participation Agreement