Please send us any additional questions through our Feedback section and we will respond within 3-5 business days.
To apply to any of our downpayment programs simply call any of our approved lenders and schedule an appointment. They will walk you through the entire application process and will let you know what to bring to your appointment.
See an approved lender to qualify, every file is different and considers various factors including employment history, credit score, debt-to-income ratio, savings etc. A credit score of at least 620 is required for Welcome Home Grant Program and 640 for Mi Casa Grant Program. It doesn't hurt to try, even if your score is lower. Loan officers can help you focus on best areas for improving your application next time, if the file is not approved.
There are no additional upfront fees or closing costs to borrower for using our Welcome Home El Paso Downpayment Assistance Program.
No, it is not required for homeowners to payback the assistance. Our downpayment assistance programs are grants provided to qualifying participants.
The processing for the down payment assistance is simultaneous with the mortgage process – approximately 30 – 45 days. Your loan officer will be assisting you with your mortgage approval and assistance approval.
No, the program is created with the mission of helping low to moderate income families purchase their primary residence. We do not allow program funds to be used to purchase a secondary home.
For our Downpayment Assistance Programs, homes must be located within El Paso City Limits. Home must also be the borrower's primary residence. Some duplex properties may be eligible, see lender for more information.
Your loan officer will remind you about completing the course. A completion certificate will be provided upon completion and is valid for 12 months. The course is offered in English and Spanish.
El Paso Housing Finance Corporation
PO Box 1648 El Paso TX 79949
Copyright © 2025 El Paso Housing Finance Corporation - All Rights Reserved.
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