Down Payment & Closing Cost Assistance

Eligible Households*

Must be utilizing the Garland Housing Finance Corporation’s MCC Program through a participating lender. Therefore, must meet the MCC Program guidelines listed below:

  • No First Time Homebuyer Requirement
  • All Buyers to complete the SETH On-Line Homebuyer Education Course
  • Available for the City of Garland
  • Down Payment and Closing Cost Assistance of up to 5% of your Loan Amount
  • DPA Available with 3 Year Forgiveness Options and Grants
  • Maximum Sales Price: $411,700 ($484,350 Conv.)
  • 30 year fixed rate mortgage: FHA, VA, USDA or Conventional
  • Qualify for a Mortgage Loan with a Program Lender:
  • Borrowers must be income eligible

*See MCC Program Summary for additional guidelines. The program is subject to available funds.

FHA Income Limits Conv Income Limits

City of Garland

Conv Charter Level Income Limits


FHA Income Limits


Conv Income Limits


Example: If your loan amount is $170,000

5% DPA= $8,500 FHA/Conv Only

4% DPA= $6,800 FHA/Conv Only

3% DPA= $5,100 FHA,VA,USDA, Conv

Rhonda Mitchell | Director Homeownership Programs