Austin, Texas · Down Payment Assistance
Down Payment Assistance in Austin, TX
Austin home prices keep climbing — but you don't need 20% down to buy here. These are the programs Austin buyers actually use to get in with $0 down or 1% down.
Programs available in Austin
FHA 100% Combo — $0 down
FHA first mortgage at 96.5% plus a second lien covering the 3.5% down payment. No income cap. 600 minimum credit. Works across the Austin metro — Round Rock, Cedar Park, Pflugerville, Manor, Del Valle.
V1-FAST 100 — $0 down, forgivable second
Same $0-down structure, but the 3.5% second is a 0% deferred note forgiven over time while owner-occupied. No monthly second payment.
1% Down Grant — 2% free
You put 1% down, the program grants 2% (up to $7,000). Conventional loan, income at or below 80% of area median income, max loan $350,000. Best for Austin condos and starter homes under the cap.
Community 1% Down — 2% grant up to $6,000
Freddie Mac Home Possible structure. The property must be in an eligible census tract — parts of East Austin, Rundberg, and Del Valle often qualify. We check your address.
What Austin buyers ask most
- Can I buy in Austin with $0 down? Yes — the FHA combos close with $0 down payment. You'll still need earnest money, appraisal, and inspection out of pocket.
- Do Austin's high prices break these programs? The 1% Down Grant caps at a $350,000 loan — tight for Austin. The FHA combos go to conforming limits, which fit far more of the market.
- What about property taxes? Travis County taxes are real — your loan officer must qualify you with the full payment including taxes and insurance. No surprises at closing.
- New construction in the suburbs? Yes — combos work on new builds in Manor, Elgin, Hutto, and Kyle as long as the builder's timeline fits the program.
How to start
Send the 60-second eligibility form: your target area in Austin, income range, and credit estimate. We'll match you to every program that fits — and tell you honestly if the math doesn't work yet.
Buying in Austin? Check your eligibility for $0-down and 1%-down programs before you start touring homes. Check my eligibility →