Harris County H.O.M.E. Program

Recently foreclosed homes purchased by Harris County are being offered for resale at a discount below the County’s total property costs, to pre-qualified buyers who meet the guidelines of the H.O.M.E. program. Please review the Do I Qualify? section on this Website. All homes purchased must be owner occupied for the required affordability period.

The program will credit the Buyer with up to 6% contribution toward the buyer’s closing costs.

A downloadable brochure has been provided in both languages. Each brochure explains steps to homeownership as well as basic eligibility requirements. English, Español andVietnamese.

Qualifiers For Sliding Scale or Income Restriction:

This home ownership opportunity is available to families meeting the following maximum income guidelines:

Family Size of 1-Person, Maximum Annual Income cannot exceed $58,200
Family Size of 2-Persons, Maximum Annual Income cannot exceed $66,550
Family Size of 3-Persons, Maximum Annual Income cannot exceed $74,850
Family Size of 4-Persons, Maximum Annual Income cannot exceed $83,150
Family Size of 5-Persons, Maximum Annual Income cannot exceed $89,800
Family Size of 6-Persons, Maximum Annual Income cannot exceed $96,450
Family Size of 7-Persons, Maximum Annual Income cannot exceed $103,100
Family Size of 8-Persons, Maximum Annual Income cannot exceed $109,750

The following are qualification steps toward home ownership in this
program.

You must complete an 8 hour HUD approved homebuyer education class. Please see list of homebuyer educators.
You must be pre-qualified for a fixed rate loan by one of the
H.O.M.E. approved lenders. (You should receive a Pre-qualification Letter.)
The following income documentation should be provided to a H.O.M.E. Approved Lender to forward to Harris County Lending Services:
- Current two (2) months of checking and savings bank statements.
- Current two (2) years of income tax returns (include W-2’s, 1099’s, etc.).
- Current two (2) months of payroll stubs on everyone in the household 18 years old or older.
- Any other supportive income information, such as child support, alimony, social security benefits, retirement accounts (IRA’s, 401K, etc.), disability or worker’s compensation.
- Birth certificates on everyone that will be residing in the home.
- Divorce papers, if applicable.
- Lender needs to provide tri-merged Credit Report on all adult members in the household.
Homebuyer Debt To Income ratio cannot exceed 39/42.
Homebuyer must have at least one credit score of 620
You must not have owned another home in the U.S. within the
last 3 years (except a mobile home).
You must be a U.S. Citizen or Permanent Resident Alien
(documentation required).
Your lender will need to provide a Verification of Rent
Homebuyer’s liquid assets may not exceed $25,000.
Seller to contribute up to 6% toward buyer’s closing costs

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