This program provides down payment grants of up to 5% of the purchase price of a qualifying principal residence located within the city limits of El Paso Texas. The program funded 276 loans with over $1.3MM in down payment assistance. Strategic partnership with Freddie Mac has provided over $127,227 in additional down payment assistance to households at very low- and low-income earning levels.
This program is available in the City of El Paso, Texas
1-2 people $90,100
3+ people $103,615
To submit a program application, call one or more of the following approved Lenders. Ask for the Welcome Home El Paso Downpayment Grant program:
$25MM single family mortgage revenue bond program will provide 4% homebuyer GRANTS and competitive mortgage interest rates to low-to-moderate income earning households residing within the city limits of El Paso TX. The program will provide additional homebuyer supportive services by partnering with local HUD certified housing counselors to help applicants re-apply if they receive a mortgage loan denial through additional training and counseling. The program includes a 30-year fixed rate FHA, VA, USDA, or Conventional mortgage loan.
Property must be located within the city of El Paso, Texas
1 or 2 persons - $91,600 3 or more - $105,340
1 or 2 persons - $109,920 3 or more - $128,240
For more info: MI CASA GRANT PROGRAM
$50MM Assignment of single-family mortgage revenue bond allocation to the state to originate under My First TX Home program. Funded 282 loans with 92% of families earning $80,000 or less within 1 year.
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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