City of Dallas First-Time Homebuyer Program

Since 1992, Enterprise Dallas has administered the City of Dallas First-Time Homebuyer Program with funding from the U.S. Department of Housing and Urban Development (HUD).  To date, Enterprise, as an agent for the City of Dallas, has closed and funded more than 6,500 loans.

The Mortgage Assistance Program (MAP) assists first-time homebuyers with a total household income of less than 80 percent of Dallas area median income to purchase a home.  The maximum loan amount for the house may not exceed FHA 203B limits.  The house must pass an inspection to insure it meets HUD's Minimum Housing Standards (MHS).

MORTGAGE ASSISTANCE PROGRAM                        (MAP)

Down Payment and Closing Cost Assistance

MAP is limited to first-time homebuyers earning 80 percent or less of the Dallas area median income adjusted by family size.  The amount of the second-lien funds is based on the financial NEED of the Borrower.  Need is determined by total household income of all adults over the age of 18 and the amount of savings after closing.  Adult dependents must have supporting documentation.

1.  Borrowers earning 80 percent or less of the Dallas area median income may be eligible to obtain a second-lien loan of up to $10,000.  MAP funds may be used for down payment and closing cost assistance.

2.  A maximum of $3,500 of the MAP funds may be used to pay Borrower’s closing costs.