Down Payment and Closing Cost Assistance
The homebuyer program offers down payment and closing cost assistance to qualifying low-income residents looking to purchase a home in Odessa. For existing homes we provide 5% or 10% down payment assistance and up to $3,500 in closing costs assistance for homes less than $85,000. The program also offers down payment assistance on a sliding scale based on family income with up to $4,000 in closing costs assistance for newly built homes that have a sales price less than $95,000.
To be eligible households must have annual income that is less than the income limits set by the U.S. Department of Housing and Urban Development (HUD) every year. To determine your eligibility refer to the table below.
2013 Annual Income Limits
Annual Income Limit