Buying your first home in Dallas is more achievable than most people think — if you know which programs exist. Down payment assistance, employer programs, state bond loans, and low-down-payment options are available to qualified first-time buyers.
First-Time Buyer Programs
- FHA loans — 3.5% down, flexible credit.
- Conventional 97 — 3% down for qualified buyers.
- State bond programs — below-market rates for income-qualified buyers.
- Down payment assistance (DPA) — grants and forgivable loans that cover your down payment.
- Employer-assisted housing programs.
What Counts as a First-Time Buyer?
You qualify as a first-time buyer if you have not owned a home in the past 3 years. This includes people who previously owned but sold — you may still qualify for first-time buyer programs and assistance.
How to Get Started
- Get pre-qualified — understand what you can afford before you start looking.
- Review your credit — know your score and fix any issues early.
- Explore assistance programs — many buyers leave free money on the table.
- Shop wholesale rates — banks show you one rate. We show you what 100+ lenders offer.
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