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  • Home
  • MI CASA GRANT PROGRAM
  • Downpayment Resource Team
  • Homebuyers
  • Lenders
  • Renters
  • CONTACT US
  • Developers
  • FAQ

Homebuyer Programs


 

*Open Now* Welcome Home El Paso Grant Program

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

  • Max Home Price $349,525
  • Minimum FICO score 620
  • Must Meet Income Guidelines 

 1-2 people $90,100

  3+ people $103,615

  • Home must be located within the city limits of El Paso
  •  Up to 5% of mortgage principal loan amount 
  • Must Complete Homebuyer Online Course
  • Must meet regular Freddie Mac LPA underwriting guidelines

 


To submit a program application, call approved Lenders. Please ask for the Welcome Home El Paso Downpayment program: 


  • GECU at (915) 774-6081 or  (915) 774-6036
  • Guardian Mortgage at (915) 881-6702 

 

*Open Now* Mi Casa Grant Program

 $25MM single family mortgage revenue bond program will provide 4% homebuyer GRANTS and a 6.20% 30 year fixed mortgage interest rate to low-to-moderate income earning households residing within the city limits of El Paso TX.  (FHA/VA/USDA loans)


Property must be located within the city of El Paso, Texas

  • 6.20% 30 Year Fixed Mortgage Rate
  • GRANT equal to 4% of Mortgage Amount (Ex: $200,000 = $8,000 GRANT)
  • Must be First Time Homebuyer (*Unless you are buying in a Target Area) (**Veteran exception may also apply) 
  • Minimum FICO Score 640
  • Income must not exceed the income limits below:


 Non -Targeted Areas:   1 -2 ppl  - $90,600,     

3 or more - $105,340 

Targeted Areas: 1 - 2 ppl - $109,920,   3 or more - $128,240


 

To submit a program application, call approved Lenders below. Downpayment Resource Team lists EPHFC Approved REALTORS and Loan Officers. 


Ask for the Mi Casa Homebuyer GRANT program: 


PARTICIPATING LENDERS:

  • Change Home Mortgage
  • All Western Mortgage
  • CMG Mortgage
  • First Community Mortgage
  • American Pacific Mortgage
  • Town Square Mortgage
  • American Portfolio Mortgage
  • SecurityNational Mortgage, Inc.
  • Fairway Independent Mortgage Corp
  • Guild Mortgage
  • V.I.P. Mortgage, Inc.
  • Midwest Mortgage Associates
  • Cadence Lending Group
  • Guardian Mortgage
  • More Lenders to be added soon

 

TDHCA 2023 Single Family Allocation Assignment (100% of Funds Utilized)

 $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. 

Homebuyer Education MUST BE completed BEFORE LOAN CLOSING

Mi Casa Program accepts HUD approved homebuyer education providers.  The link below provides online counseling resources:


https://www.ehousingplus.com/wp-content/uploads/Mi-Casa-HBE.pdf


In-person Homebuyer education options include:


GECU Community Dev (915) 774-2160

Project Bravo  (915) 562-4100

  • MI CASA GRANT PROGRAM

El Paso Housing Finance Corporation

PO Box 1648 El Paso TX 79949

915-228-9336 | Admin@ElpasoHFC.org

Copyright © 2025 El Paso Housing Finance Corporation - All Rights Reserved.

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Mi Casa Program NOW OPEN

  • PROGRAM OPEN NOW 6.20% fixed interest rate with homebuyer GRANT equal to 4% of mortgage amount


  •  ($200,000 mortgage= $8,000 GRANT)


  • APPLY TODAY!  915-228-9336  Admin@elpasohfc,org 


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