The City of El Paso FTHB Program annual application window has closed and no additional applications are being accepted. Applications will once again be accepted in Spring 2024.For another non-Community and Human Development FTHB program, please contact the El Paso Housing Finance Corporation at (915) 228-9336.
For mortgage rate and loan application questions and qualifications call GECU (915) 774-4701 and/or Sunflower Bank/Guardian Mortgage (915) 881-6702.
For any other questions, call the El Paso Housing Finance Corporation at (915) 228-9336.
THE ANNUAL APPLICATION PERIOD FOR THE CITY OF EL PASO FIRST TIME HOMEBUYER PROGRAM HAS ENDED FOR 2023 AND NO NEW APPLICATIONS ARE BEING ACCEPTED.THE PROGRAM WILL RE-OPEN IN SPRING OF 2024, THANK YOU.
The City's First Time Homebuyer Program can help a family of four making less than $54,450 buy their first home by providing the following forms of assistance:
Principal Reduction Assistance: For homebuyer(s) purchasing a home within the City of El Paso’s Priority Housing Area (see interactive map below) the minimum assistance is $1,000.00 and the maximum assistance is $45,000.00. To verify if a home is within the City of El Paso’s Priority Housing Area, input the address below or open a new window to the map https://arcg.is/1DTeyO For homebuyer(s) purchasing a home outside the Priority Housing Area but within the city limits of El Paso, The minimum assistance is $1,000.00 and the maximum assistance is $25,000.00. Assistance provided under the principal reduction program is only for the purpose of principal reduction.
Down Payment and Closing Cost Assistance Program: The maximum assistance is $5,000.00 which will be in the form of a 3% interest forgivable loan with a term of 10 years.
To be eligible for participation in the City of El Paso’s First Time Homebuyer Program, applicants must meet and/or comply with all the following Program criteria:
ADDITIONAL REQUIREMENTS: Applicants must be U.S. Citizens or Resident Aliens, cannot have more than $25,000 in non-pension savings, must have a minimum investment amount of $1,000 of their own funds, and must provide proof of residency within the limits of El Paso.
Información en Español
Effective as of 06/15/2022
(915) 562-4100 Extensions 119 or 120[email protected] [email protected]
Once you have read through these requirements and taken the Guide to Homeownership course please contact the City of El Paso Community and Human Development office at [email protected] for a full application.
See and Search Map of Priority Housing Areas