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Down Payment Assistance Program:

Forgivable Community Second Loan to help buyers with limited funds

Government & Conventional

Are you ready to buy your dream home but still missing enough savings for a down payment? We can help!

PROGRAM UPDATE DUE TO CORONAVIRUS COVID-19: Due to recent pandemic events affecting the stability of our lives, creating uncertainty in our financial markets and thus impacting its liquidity negatively, this program is now suspended and therefore not available.


So, you make the income, can afford the monthly payment, have saved some money, but need help with down payment and closing costs?

You are in the right place. Clear Lending can help you obtain Down Payment Assistance regardless of whether you are a First Time Home Buyer or not!

The Down Payment Assistance Program provides the maximum amount of 6% based on the final loan amount in the form of a forgivable community second loan. Funds can be used toward your down payment and closing costs. Under this program, you would be able to choose amongst a 30-year fixed-rate FHA, VA, USDA, and Conventional mortgage loan, whichever you can qualify. In case you wonder about the mortgage loan you would be getting, there is no pre-payment penalty or federal recapture tax for the mortgage loan.

Please note currently Clear Lending offers this program only in the following counties:

- Harris County
- Fort Bend County
- Brazoria County
- Galveston County
- Montgomery County and,
- Liberty County

Another essential requirement to obtain our Down Payment Assistance Program is that it requires our preferred real estate office from HoustonDesignHomes.com to negotiate the purchase and, thus, the contract of the chosen house.

Our preferred agents are experienced Texas Real Estate Commission Licensed Sales Agents knowledgeable about the entire process. From the home search process to complete purchase contract documents, inspection, and closing, our agents will guide you, giving peace of mind for a successful experience. Once you apply online will provide you with a detailed explanation about the process.

The following are some essential details about the Down Payment Assistance Program:

- No First Time Homebuyer Requirement. Down Payment Assistance applicant can own another property.
- The applicant must be buying a new Primary Residence only.
- Non-Occupant Borrowers are OK.
- Property types can only be 1-4 Single Family Residence, Townhouse/Condo.
- Minimum FICO Score of 600 for the FHA and VA mortgage loans
- Minimum FICO Score of 620 for the USDA and Conventional mortgage loans.
- Maximum Sales Price on FHA Loan: $ 331,760
- Max Sales Price on VA, USDA, and Conventional Loan: $510,400
- Borrowers will need to meet maximum Program Income Limits.
- Complete online Homebuyer Education Class. The class must be completed before you purchase your home.

Do not wait any longer, and let's start the process to buy your dream home and apply for Down Payment Assistance.

If you need more information about Down Payment Assistance Programs in Houston, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online, and we will contact you right away to review the best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.

Customers Reviews:

  • Geisy Armada Rodriguez • November 15, 2018

    FROM GOOGLE: The best team, very professional. I recommend them.

  • Marianne Balton • August 20, 2018

    Joan Gallardo and his team are an exceptional group who are devoted to helping others realize their goal of home ownership. Compassionate and conscientious business people are a rare find. As first time home buyer and new to Texas I had no map of the territory. Joan was a reassuring presence through the entire experience and I will always remember and endorse his company for excellence.

  • Rigoberto Rose • July 07, 2016

    Por medio de este presente quiero dar a conocer de parte de la Familia Rose, mi más sincero agradecimiento por haber brindado todo Su apoyo, Su esfuerzo, y dedicación de Cada uno de ustedes para que se hiciera realidad el sueño de tener una Casa propia. Estoy muy agradecido de todo corazón y a la misma vez yo Los exhorto para que sigan Contribuyendo a hacer más familias felices.

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