City of Austin · Forgivable loan

City of Austin DPA

$40,000

Up to $40,000 at 0% interest. Loans under $14,900 forgiven after 5 years, larger loans after 10 years.

Austin's DPA programs help buyers in one of the fastest-appreciating markets in the country. The tech industry's expansion has pushed Austin's median home price past $450,000, pricing out many long-time residents. City and county DPA programs provide critical assistance in this competitive market.

Amount$40,000

TypeForgivable loan

Available inTexas

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleSingle-family only

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