Katy Down Payment Assistance
Discover how Katy-area home buyers can receive up to 5% in down payment and closing cost assistance through Texas state programs.
Population
21,894
Median Home Price
$340,000
Median Income
$105,000
DPA Available
Up to 5%
Down Payment Assistance in Katy, Texas
Katy has transformed from a small railroad town into one of Houston's most desirable suburbs, famous for its highly-rated Katy Independent School District. With a median home price around $340,000, Katy offers excellent value for families seeking top schools and a strong sense of community.
Katy spans multiple counties (Harris, Fort Bend, and Waller), but most residential areas fall under Harris County income limits for DPA programs. The TDHCA and TSAHC programs are heavily utilized by Katy homebuyers, especially first-time buyers looking to establish their families in the award-winning Katy ISD.
The Energy Corridor, located along I-10 between Katy and downtown Houston, is home to major oil and gas companies including BP, ConocoPhillips, and Shell. Many Katy residents work in this corridor, enjoying short commutes and suburban living.
Master-planned communities like Cinco Ranch, Cane Island, and Elyson offer new construction homes at various price points. The ongoing development west of the Grand Parkway (Highway 99) has brought numerous homes priced within DPA limits, giving buyers access to brand-new construction with state assistance.
DPA Program Note
Katy spans multiple counties—verify which county limits apply. New developments west of 99 offer the best DPA pricing.
Why Katy for Homeownership?
Key factors that make Katy an excellent market for buyers using down payment assistance.
Top-rated Katy ISD schools
Family-oriented community
Energy Corridor access
Abundant new construction
Major Employers in Katy
Katy's diverse economy provides stable employment for home buyers qualifying for DPA programs.
Popular Katy-Area Communities
Explore neighborhoods and suburbs in the Katy metro where DPA programs can help you buy a home.
DPA Eligibility in Katy
Most Katy-area buyers who meet the following criteria can qualify for Texas down payment assistance programs.
- Household income within Harris 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 Harris 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 Katy 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?
Katy DPA FAQs
How much down payment assistance can I get in Katy?
Home buyers in Katy can receive up to 5% of the loan amount in down payment assistance through TDHCA and TSAHC programs. On a $340,000 home, that's up to $17,000 in assistance.
What are the income limits for DPA in Harris County?
Income limits vary by program and household size. Harris County limits are based on the Houston-The Woodlands-Sugar Land 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 Katy?
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 Katy.
Check Your Eligibility in Katy
Take our free 60-second quiz to see which Texas DPA programs you may qualify for in the Katy area. No credit check required, no obligation.
Cook Brothers Mortgage Team at Cornerstone First Mortgage | NMLS #173855