The Woodlands Down Payment Assistance
Discover how The Woodlands-area home buyers can receive up to 5% in down payment and closing cost assistance through Texas state programs.
Population
117,165
Median Home Price
$425,000
Median Income
$130,000
DPA Available
Up to 5%
Down Payment Assistance in The Woodlands, Texas
The Woodlands is one of America's most acclaimed master-planned communities, known for its lush forests, extensive trail system, and strong economy. Located in Montgomery County, The Woodlands has grown from a planned community into a thriving city with major corporate headquarters and a median home price around $425,000.
While The Woodlands is a premium community, Montgomery County DPA income limits accommodate the area's higher incomes. The TDHCA My Choice Texas Home program allows repeat buyers to access assistance, which is valuable for families upgrading within The Woodlands or relocating from other areas.
ExxonMobil's massive campus has made The Woodlands a center for energy industry employment, joined by Hewlett Packard Enterprise and numerous other corporations. This concentration of high-paying jobs creates strong demand for housing at all price levels.
Newer villages like Creekside Park offer homes at various price points, including some within DPA purchase price limits. The Woodlands' village concept means each neighborhood has its own character, from the original Grogan's Mill with its established tree canopy to the newer developments on the community's western edge.
DPA Program Note
Montgomery County income limits are generous. Focus on outer villages for homes within DPA price limits.
Why The Woodlands for Homeownership?
Key factors that make The Woodlands an excellent market for buyers using down payment assistance.
Award-winning master-planned community
Major corporate headquarters
Extensive trail system
The Woodlands Waterway entertainment district
Major Employers in The Woodlands
The Woodlands's diverse economy provides stable employment for home buyers qualifying for DPA programs.
Popular The Woodlands-Area Communities
Explore neighborhoods and suburbs in the The Woodlands metro where DPA programs can help you buy a home.
DPA Eligibility in The Woodlands
Most The Woodlands-area buyers who meet the following criteria can qualify for Texas down payment assistance programs.
- Household income within Montgomery 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 Montgomery 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 The Woodlands 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?
The Woodlands DPA FAQs
How much down payment assistance can I get in The Woodlands?
Home buyers in The Woodlands can receive up to 5% of the loan amount in down payment assistance through TDHCA and TSAHC programs. On a $425,000 home, that's up to $21,250 in assistance.
What are the income limits for DPA in Montgomery County?
Income limits vary by program and household size. Montgomery 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 The Woodlands?
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 The Woodlands.
Check Your Eligibility in The Woodlands
Take our free 60-second quiz to see which Texas DPA programs you may qualify for in the The Woodlands area. No credit check required, no obligation.
Cook Brothers Mortgage Team at Cornerstone First Mortgage | NMLS #173855