Midland Down Payment Assistance
Discover how Midland-area home buyers can receive up to 5% in down payment and closing cost assistance through Texas state programs.
Population
146,038
Median Home Price
$350,000
Median Income
$77,614
DPA Available
Up to 5%
Down Payment Assistance in Midland, Texas
Midland is the commercial heart of the Permian Basin, America's most productive oil field. With a median home price around $350,000, Midland's housing costs reflect the area's high energy-sector wages.
Midland County income limits are higher than average due to the area's strong median income. The oil and gas workforce often earns enough to qualify for DPA while still benefiting from assistance to reduce out-of-pocket closing costs.
Chevron, Apache, Pioneer, and Diamondback are among the major operators employing thousands in Midland. The cyclical nature of the oil industry creates housing market volatility, but during stable periods, DPA programs help workers establish homeownership.
Grassland Estates and Northwest Midland have seen recent development targeting oil industry workers. The Greenwood area offers newer construction and highly-rated schools. Housing supply has sometimes struggled to keep pace with demand during oil booms.
DPA Program Note
Higher income limits for Permian Basin. DPA helps even high earners reduce closing costs.
Why Midland for Homeownership?
Key factors that make Midland an excellent market for buyers using down payment assistance.
Permian Basin oil hub
High-paying energy jobs
Volatile market with oil prices
Young workforce
Major Employers in Midland
Midland's diverse economy provides stable employment for home buyers qualifying for DPA programs.
Popular Midland-Area Communities
Explore neighborhoods and suburbs in the Midland metro where DPA programs can help you buy a home.
DPA Eligibility in Midland
Most Midland-area buyers who meet the following criteria can qualify for Texas down payment assistance programs.
- Household income within Midland 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 Midland 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 Midland 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?
Midland DPA FAQs
How much down payment assistance can I get in Midland?
Home buyers in Midland can receive up to 5% of the loan amount in down payment assistance through TDHCA and TSAHC programs. On a $350,000 home, that's up to $17,500 in assistance.
What are the income limits for DPA in Midland County?
Income limits vary by program and household size. Midland County limits are based on the Midland 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 Midland?
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 Midland.
Check Your Eligibility in Midland
Take our free 60-second quiz to see which Texas DPA programs you may qualify for in the Midland area. No credit check required, no obligation.
Cook Brothers Mortgage Team at Cornerstone First Mortgage | NMLS #173855