Amarillo Down Payment Assistance
Discover how Amarillo-area home buyers can receive up to 5% in down payment and closing cost assistance through Texas state programs.
Population
200,448
Median Home Price
$190,000
Median Income
$53,168
DPA Available
Up to 5%
Down Payment Assistance in Amarillo, Texas
Amarillo anchors the Texas Panhandle with affordable housing and a diverse economy. With a median home price around $190,000, Amarillo is one of the most affordable cities in Texas for homebuyers.
Potter and Randall County income limits make DPA accessible to most Amarillo households. The city's affordable housing means buyers can often purchase homes well within DPA limits while keeping payments very manageable.
Pantex, the nation's primary nuclear weapons assembly and disassembly facility, is Amarillo's largest employer. BSA Health System provides regional healthcare, and the area's agriculture and meatpacking industries (including Tyson Foods) add economic diversity.
West Amarillo has seen most new development, while established neighborhoods throughout the city provide affordable options. Canyon, home to West Texas A&M University, offers a college-town atmosphere. The low cost of living makes Amarillo attractive for families seeking financial stability.
DPA Program Note
Very affordable market—excellent for first-time buyers. Nearly all homes qualify for maximum DPA.
Why Amarillo for Homeownership?
Key factors that make Amarillo an excellent market for buyers using down payment assistance.
Affordable housing
Pantex nuclear facility
Route 66 heritage
Low cost of living
Major Employers in Amarillo
Amarillo's diverse economy provides stable employment for home buyers qualifying for DPA programs.
Popular Amarillo-Area Communities
Explore neighborhoods and suburbs in the Amarillo metro where DPA programs can help you buy a home.
DPA Eligibility in Amarillo
Most Amarillo-area buyers who meet the following criteria can qualify for Texas down payment assistance programs.
- Household income within Potter County limits (varies by program and family size)
- Minimum credit score of 620 (some programs may allow lower with compensating factors)
- Purchasing a primary residence in the state of Texas
- Completing a HUD-approved homebuyer education course (available online)
- Working with a TDHCA- or TSAHC-approved lender like Cornerstone First Mortgage
- Meeting the purchase price limits for Potter County (currently up to $472,030 standard or $546,250 in high-cost areas)
Eligibility requirements vary by program. Contact the Cook Brothers Mortgage Team for a personalized eligibility assessment based on your specific financial situation and the Amarillo area where you plan to buy.
Check Your Eligibility
Answer a few quick questions to see if you qualify
Have you owned a home in the last 3 years?
Amarillo DPA FAQs
How much down payment assistance can I get in Amarillo?
Home buyers in Amarillo can receive up to 5% of the loan amount in down payment assistance through TDHCA and TSAHC programs. On a $190,000 home, that's up to $9,500 in assistance.
What are the income limits for DPA in Potter County?
Income limits vary by program and household size. Potter County limits are based on the Amarillo Area Median Income (AMI). Generally, households earning up to 115% of AMI can qualify. Use our calculator or contact us for current limits.
Do I have to be a first-time buyer to use DPA in Amarillo?
No! While the TDHCA My First Texas Home program is for first-time buyers, the My Choice Texas Home program and some TSAHC options are available to repeat buyers. If you've owned a home before, you may still qualify for assistance in Amarillo.
Check Your Eligibility in Amarillo
Take our free 60-second quiz to see which Texas DPA programs you may qualify for in the Amarillo area. No credit check required, no obligation.
Cook Brothers Mortgage Team at Cornerstone First Mortgage | NMLS #173855