Amarillo Home Loans and Mortgage Programs

If you’re purchasing in Amarillo or Potter-Randall County, take advantage of these various low and no money down<script async



30 Year Fixed
3.5% down payment
› Down payment gifts allowed from family
› No restrictions on previous home ownership
› Aggressive rates
› No Income limits

First-Time Home Buyer Down Payment Assistance

› FHA Loan + a 5% Grant towards down payment
› No Money Down Required
› Grant is interest free and doesn’t need to be repaid unless home is refinanced or sold
› Must be first-time home buyer or not owned a home in the past 3 years
Income Limits

  • Most areas of Amarillo
  • 1-2 person household – $61,800
  • 3+ person household – $71,070
  • Distressed areas of Amarillo
  • 1-2 person household – $74,160
  • 3+ person household – $86,520
Heroes grant Program

› Fixed FHA, VA or USDA Loan plus Free 3% or 5% Grant
Previous home owners allowed (no restrictions on previous homeownership)
› Grant does not need to be repaid(Free Money)

› Must have eligible occupation/job position Nurse, police officer, Fire Fighter, etc…
Full List of eligible occupations
› No money down required

Income Limits

  • Most areas of Amarillo
  • 1-2 person household – $61,800
  • 3+ person household – $71,070
  • Distressed areas of Amarillo
  • 1-2 person household – $74,160
  • 3+ person household – $86,520
Home Sweet Texas Program(Free Grant)

› Fixed FHA, VA or USDA Loan plus 3% or 5% Grant
› Grant does not need to be repaid(Free Money)
› No money down required
Previous home owners allowed (no restrictions on previous homeownership)
Income Llmits› Only applies to borrower and not Household income
Any Family Size – $49,440(Only applies to person applying for loan)

Even if a buyer has been saving for a down payment, we encourage folks to take advantage of these programs and keep their money in the bank. We feel that it’s not always a good idea to dump a big chunk of savings into down payment and move into a new home with no reserves.

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