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Down Payment Assistance Program

Up to $30,000 for down payment and/or closing costs.

Government & Conventional

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

 

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 up to $30,000. Funds can be used toward your down payment and reasonable 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

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. This process requires a non-refundable application fee of $590.00 to the real estate company.

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:

- First Time Homebuyer or lost a house during Harvey hurricane requirement.
- Non-Occupant Borrowers are OK.
- Property types can only be 1-4 Single Family Residence, Townhouse/Condo.
- Minimum FICO Score of 580+ for the FHA and case by case basis 500+ VA mortgage loans.
- Minimum FICO Score of 620+ for the USDA and Conventional mortgage loans.
- 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:

  • Carlos Padron • April 29, 2021

    Words really can’t express our gratitude to Joan and his attentive and polite team of experts, ( Patricia ) who were always professional and answered all our questions promptly in a knowledgeable manner. Joan worked very hard at getting all the paperwork done and getting us into our dream home. Thank you very much for your hard work. If you are a first-time home buyer, we would definitely recommend using Clear Lending.

  • Blanca y Esteban Martinez • January 31, 2014

    Dear Joan,

    You and your team have been a blessing for our closing. Your integrity, efficiency and expertise support during our buying process has made an excellent and pleasant experience on closing. There are many people that makes good business, but you are doing GOOD, while doing business. God bless you and thank you so much!!

    Blessings,

    Blanca

  • Amelie Guzman • October 10, 2021

    Thanks Joan, Patricia and Jorge for helping us to buy our first home. You all are kind, knowledgeable and very professional. Even thgough we were referred to you guys and so we were told you were amazing, my husband and I are happy to confirm you are everything our friends already told us about working with Clear Lending. We will use you again for an investment house we have soon in mind. Thanks again for your hard work.

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