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The Down Payment and Closing Cost Assistance Program provides financial assistance to eligible first-time homebuyers in the City who are interested in purchasing an existing or newly constructed residential unit.

Types of Loans and Repayment Options

  • First-time homeowners under 80% of the Area Median Income (AMI) can receive up to $7,500 for down payment and closing cost assistance in the form of a 0% interest, 5-year deferred loan.*

  • First-time homeowners between 80% AMI and 115% AMI can receive up to $5,000 for down payment and closing cost assistance in the form of a 0% interest, 10-year deferred loan.*

  • No payments are made during the term of the loan if residency requirements are met.

*Please refer to the chart below to check your income eligibility.


Eligibility Requirements

  • The borrower’s annual gross household income may not exceed 115% of the AMI.

  • The borrower must be purchasing the home as their primary residence and have their name on the deed.

  • The borrower must not have any outstanding City, School, and County real estate taxes, or the borrower must be on a payment plan for at least six months.

  • The borrower's lender must complete the application. The lender will submit the application into the URA on the borrower's behalf.

  • The borrower must complete a U.S. Department of Housing and Urban Development (HUD) Certified First-Time Homebuyer Course administered by a HUD certified counselor.

  • The URA must receive the application at least 21 business days prior to the desired closing date.

  • The borrower must not have an excess of $20,000 in liquid assests after the closing.

Eligible Properties

  • A permanent structure used primarily for year-round residential use. If the property to be improved is vacant, the borrower must certify in writing prior to closing his/her intent to occupy the property within 30 days upon work completion.

  • Each property may contain up to two connected dwelling units (i.e., duplex, townhouse), one of which must be owner-occupied.

Download Program Summary

Download Program Guidelines

View 2020 HUD Approved Housing Counseling Agencies

Download Down Payment/Closing Cost Assistance Application


Language translation and interpretation is available free of charge. Please send an email to

Have questions? Please contact Natalie Lopez, Program Assistant, by calling 412.255.6574 or emailing

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