Laredo Down Payment Assistance
Discover how Laredo-area home buyers can receive up to 5% in down payment and closing cost assistance through Texas state programs.
Population
261,639
Median Home Price
$210,000
Median Income
$50,043
DPA Available
Up to 5%
Down Payment Assistance in Laredo, Texas
Laredo is the busiest inland port on the US-Mexico border, with a young, growing population and affordable housing. With a median home price around $210,000, Laredo offers excellent value for homebuyers, especially those working in international trade and logistics.
Webb County income limits are straightforward, and Laredo's affordable housing means most buyers can access maximum DPA benefits. The city's young demographics mean many purchases are by first-time buyers using TDHCA assistance.
The Port of Laredo handles more international trade by value than any other port in the US, creating thousands of logistics, customs, and trucking jobs. CBP (Customs and Border Protection) is a major employer, and TAMIU provides higher education opportunities.
North Laredo along Mines Road has attracted newer development and retail. Established neighborhoods throughout the city provide affordable options well within DPA limits. The city's growth has brought new master-planned communities targeting young families.
DPA Program Note
Very affordable market—nearly all homes qualify for maximum DPA benefits. Strong first-time buyer market.
Why Laredo for Homeownership?
Key factors that make Laredo an excellent market for buyers using down payment assistance.
Busiest inland port in US
International trade hub
Young population
Affordable housing
Major Employers in Laredo
Laredo's diverse economy provides stable employment for home buyers qualifying for DPA programs.
Popular Laredo-Area Communities
Explore neighborhoods and suburbs in the Laredo metro where DPA programs can help you buy a home.
DPA Eligibility in Laredo
Most Laredo-area buyers who meet the following criteria can qualify for Texas down payment assistance programs.
- Household income within Webb 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 Webb 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 Laredo 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?
Laredo DPA FAQs
How much down payment assistance can I get in Laredo?
Home buyers in Laredo can receive up to 5% of the loan amount in down payment assistance through TDHCA and TSAHC programs. On a $210,000 home, that's up to $10,500 in assistance.
What are the income limits for DPA in Webb County?
Income limits vary by program and household size. Webb County limits are based on the Laredo 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 Laredo?
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 Laredo.
Check Your Eligibility in Laredo
Take our free 60-second quiz to see which Texas DPA programs you may qualify for in the Laredo area. No credit check required, no obligation.
Cook Brothers Mortgage Team at Cornerstone First Mortgage | NMLS #173855