Down Payment Assistance

How it works

The City of Waco Housing & Community Development department offers a Homebuyer Down Payment Assistance program as financial assistance in the form of a loan. The program is designed to help eligible residents overcome upfront purchase costs and move closer to homeownership.

What the money covers

The page says the loan can help cover down payment and closing costs for a home purchase.

Amounts and matching

• Eligible participants can receive up to $25,000 in down payment and closing-cost assistance.
• The page does not describe a matching requirement.
• Mortgage terms must not exceed 30 years.
• Borrowers must invest at least $750 in the home purchase.

How to apply

Applicants start by registering an account in the portal, then logging in and selecting the program by clicking Start Application.

• The page says the registration process creates a username using the applicant’s email address and a password.
• The system sends a validation link to confirm the email address.
• If the system email does not arrive within 2 minutes, applicants should check spam or bulk mail.
• After logging in, applicants can add other users to help edit and update the application.
• Assistance is available by calling (254) 750-5656 or emailing hcd@wacotx.gov.

Timing and deadlines

The page provides 2026 HUD income guidelines and says they are effective as of 2026-05-01. It does not state a program closing date or funding exhaustion date.