City of Abilene First-Time Homebuyer Program

The City of Abilene First-Time Homebuyer Program helps low-to-moderate income residents purchase homes. The program has straightforward eligibility requirements and a simple payout method. Qualified homebuyers receive up to $5,000, which can be put toward a down payment or closing costs.

Eligibility requirements

To qualify for the City of Abilene First-Time Homebuyer Program, you must meet the following eligibility requirements:

1. Lived in Abilene for the past six months or worked in Abilene for the past two years.
2. You must be purchasing a home for the first time. 
3. The property must be within the city limits of Abilene.
4. Your income must be at or below 80% of the area median income (AMI). 
5. You must complete an online homebuyer training course and ten hours of community service. 

*For all DPA programs, income and purchase price limits are regularly reviewed and updated. These amounts were correct at publication but may change with time.

Type of assistance

Down payment assistance available through the City of Abilene First-Time Homebuyer Program comes in the form of a grant. The money is paid directly to the title agency on the day of closing, and there is no obligation to repay the money. 

Amount of down payment assistance

This program offers up to $5,000 in assistance. 

Minimum borrower contribution

There is no minimum borrower contribution for this program, making it an ideal option for first-time buyers who have little or no savings. The grant can also be combined with other forms of down payment assistance to help you further increase your buying power. 

Purchase price limits

There are no purchase price limits for this program. However, the program’s income threshold serves as a soft limit, because you still need to qualify for a mortgage loan based on your income.

Income limits

To qualify, you cannot make more than 80% of the area median income(AMI) for Abilene, which is currently between $41,000 and $77,300, depending on household size. 

The City of Abilene regularly reviews and updates the income limits for this program. Use our free down payment assistance finder to see if you qualify. 

How to qualify for City of Abilene First-Time Homebuyer Program

To qualify for the City of Abilene First-Time Homebuyer Program, you need to meet the criteria mentioned above. Check your eligibility with our free down payment assistance finder.

How to apply for City of Abilene First-Time Homebuyer Program

To apply for the City of Abilene First-Time Homebuyer Program, you must reach out to an approved, participating lender, who will submit your application. The City of Abilene does not accept direct applications. Use our free down payment assistance finder to locate an approved lender who can help.