Wichita Falls Down Payment Assistance
Discover how Wichita Falls-area home buyers can receive up to 5% in down payment and closing cost assistance through Texas state programs.
Population
104,197
Median Home Price
$155,000
Median Income
$47,123
DPA Available
Up to 5%
Down Payment Assistance in Wichita Falls, Texas
Wichita Falls offers some of the most affordable housing in Texas, with a median home price around $155,000. The city's military presence and manufacturing base provide stable employment opportunities.
Wichita County income limits are accessible, and the very affordable housing means buyers can purchase homes well within DPA limits with minimal out-of-pocket costs. The TSAHC Homes for Texas Heroes program is heavily used by military families at Sheppard AFB.
Sheppard Air Force Base trains pilots from multiple NATO countries, bringing an international presence to the community. United Regional Health Care serves as the regional medical center. MSU Texas brings higher education jobs and students.
Southwest Wichita Falls has attracted most new development. Burkburnett and Iowa Park provide small-town alternatives with their own school districts. The affordable housing and low cost of living make Wichita Falls attractive for families seeking financial stability.
DPA Program Note
Extremely affordable—maximum DPA benefits for nearly all buyers. Strong TSAHC Heroes utilization.
Why Wichita Falls for Homeownership?
Key factors that make Wichita Falls an excellent market for buyers using down payment assistance.
Most affordable Texas metro
Sheppard AFB presence
Strong manufacturing base
Low cost of living
Major Employers in Wichita Falls
Wichita Falls's diverse economy provides stable employment for home buyers qualifying for DPA programs.
Popular Wichita Falls-Area Communities
Explore neighborhoods and suburbs in the Wichita Falls metro where DPA programs can help you buy a home.
DPA Eligibility in Wichita Falls
Most Wichita Falls-area buyers who meet the following criteria can qualify for Texas down payment assistance programs.
- Household income within Wichita 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 Wichita 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 Wichita Falls 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?
Wichita Falls DPA FAQs
How much down payment assistance can I get in Wichita Falls?
Home buyers in Wichita Falls can receive up to 5% of the loan amount in down payment assistance through TDHCA and TSAHC programs. On a $155,000 home, that's up to $7,750 in assistance.
What are the income limits for DPA in Wichita County?
Income limits vary by program and household size. Wichita County limits are based on the Wichita Falls 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 Wichita Falls?
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 Wichita Falls.
Check Your Eligibility in Wichita Falls
Take our free 60-second quiz to see which Texas DPA programs you may qualify for in the Wichita Falls area. No credit check required, no obligation.
Cook Brothers Mortgage Team at Cornerstone First Mortgage | NMLS #173855