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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:

  • Christian Perez • October 03, 2020

    Joan was great, very transparent, and got me almost a percent lower with less money out of pocket than what my builder's lender was offering! Highly recommend

  • Michael Estrada • Jule 31, 2017

    Joan with Clear Lending is direct, honest and very helpful. We were very lucky to have him. He is very easy to communicate with. He gives you a clear view of your loan situation and then he helps and guides you in each and every step. Ours was not an easy transaction but he was there guiding us the whole time. We got our loan but even if it didn't go our way, I would gladly use him again and very proudly recommend him to anyone.

  • Armeris Tamayo • December 20, 2019

    Hello to all those people who follow closely Clear lending Houston tx. First, tell them not to be afraid to make a decision and approach to seeking information. I know that for many they think that buying a house is a big problem or a tedious process, I also thought the same thing but I can not tell you that since I arrived at the clear lending office where I was well received, I already knew that I was part of the big family that is clear lending for good attention the positive environment and where you breathe airs of achievement. I can also tell you that the professionalism and knowledge of these people make this long process less heavy and more enjoyable. When there are people who know what they are doing, they make the processes easier, I say so because not only is it I want such a house or another. I tell them that no, throughout this process it is where you start to find what you want, you learn from several tips that are provided by a great agent that is Joan thanks to his knowledge and his advice I managed to get the house that I did not think to have. Regardless of thinking about my budget and my possibilities, your help was very important for my final decision, achieving this great dream.

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