Frequently Asked Downpayment Program Questions

See an Approved Lender to qualify, every file is different and considers various factors including employment history, credit score, savings etc. A credit score of at least 620 is common. 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, 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.