The City of Lewisville offers the First-Time Homebuyer Assistance
Program to provide low and moderate income families opprotunitied
of affordable homownership. To see if you qualify contact us for more
First-Time Homebuer Assistance Program
program pays 1.5% of sales price downpayment assistance and closing
cost assistance ranging from 80-95%. Average assistance Available
mortgage loan types include Conventional, FHA, and VA.
Funds are available to first-time homebuyers earning $61,700 and
home must be located in the Lewisville city limits.
home sale price can not exceed certain federal limits.
All family members'
(over 18 yrs. old) income must be inclded
home buyer is defined as someone who has not owned a home in three
years. Under first-time home buyer programs, single parents and displaced
homemakers automatically are considered first-time homebuyers.
use a participating lender.
available on a first come basis.
Denton County Mortgage Credit Certificate Program
qualified homebuyer is eligible to write off a portion of the annual
interest paid on the mortgage as a special tax credit, not to exceed
$2000, during each year that they occupy the home as their principal
residence. The portion or amount of the tax credit is equal to the
mortgage credit rate on the MCC of 35% multiplied by the annual interest