Current down payment assistance guidelines, updated from one source.
The snapshot below is not typed onto this page — it is pulled from one down payment assistance guideline source and refreshed when that source changes, so Georgetown, TX always shows the options in force.
Of the purchase price
Up to this share of the price can come from assistance: the largest option reaches closing costs as well as the down payment, while the smaller options cover the 3.5% FHA minimum, in whole or, on the lowest tier, in part.
Covers the FHA down payment, in whole or in part
The FHA minimum down payment is 3.5%, and this option covers it in whole or, on its lower tier, in part with nothing to pay back — no lien, no payment, no interest — for buyers at or below the area income limit or in a qualifying category.
On the forgivable and repayable options
Most of the options carry no income limit, so a higher-earning household qualifies the same as anyone else; only the nothing-to-repay option looks at income, at 140% of the area median, or at a qualifying category.
Credit score to start
The score that opens the nothing-to-repay option; the forgivable options start a step higher and the repayable options higher still. Two-borrower files may use a blended score on the second-lien options.
| Option | Assistance | What you repay | Credit · mortgage · units |
|---|---|---|---|
| Grant-style assistance — nothing to repay | 2% or 3.5% of the price | Nothing — released at closing | 620+ · FHA 203(b), FHA repair escrow, FHA Limited 203(k), FHA Standard 203(k) · 1–4 units |
| Forgivable second lien — three-year | 3.5% of the price | Nothing after 36 on-time mortgage payments | 640+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units |
| Forgivable second lien — five-year | 3.5% of the price | Nothing after 60 on-time mortgage payments | 640+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units |
| Repayable second lien — thirty-year amortization, ten-year balloon | 3.5% or 5% of the price | Second lien, 30-year amortization, balloon in year 10 | 660+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units |
| Closing-cost repayable second lien | 3.5% or 5% of the price | Second lien, 30-year amortization, balloon in year 10 | 660+ · FHA 203(b) · 1–2 units |
| Refinance-cost second lien (repayable) | 1% to 3.5% of the balance | Second lien, repaid | 660+ · FHA 203(b) · 1–4 units |
Current down payment assistance snapshot · updated September 7, 2026 · six options offered in Texas · no option requires a first-time buyer · no option combines with another assistance program · owner-occupied primary residences only.
This page describes down payment assistance at the program level. The option for any file comes from the credit tier, the first lien, the property, and the eligibility category; the first lien’s approval, the appraisal, and full underwriting decide the actual terms, subject to lender program eligibility. Nothing here is a quote, a fee, or a commitment to lend; the calculator’s rate is a market benchmark you can edit and its payment an estimate. Lendmire is never the lender and is not affiliated with FHA, USDA, HUD, or the federal government. Lendmire, LLC — NMLS #2371349. Equal Housing Opportunity.
What down payment assistance is — and how the options differ.
The first-time home buyer programs work the same way in Georgetown, TX as anywhere in the footprint: a government first lien, an assistance option sized as a percentage of the price, and a set of rules about credit, units, and eligibility that decide which option fits.
For the program overview, see Lendmire’s down payment assistance program, or the statewide guide at Down Payment Assistance in Texas.
Assistance covers the FHA down payment
In Georgetown, TX, the assistance attaches to the first lien at closing and covers the buyer’s required investment; on the larger option, what remains after the minimum investment goes toward closing costs.
Four shapes: grant, forgivable, repayable, refinance
Nothing to repay, forgiven over time, or repaid with a balloon: the three purchase shapes in Georgetown, TX cover the same minimum investment and differ in what the buyer owes afterward, and a fourth, the refinance-cost option, serves an existing FHA loan.
Credit floors, mortgage programs, and unit counts
Credit decides which options are open; the first lien decides which options attach; the property’s unit count and type decide which option carries it. The options table shows all three side by side.
Eligibility without a first-time-buyer rule
A Georgetown buyer who has owned before is eligible; the second-lien options carry no income limit and no first-time-buyer rule, and the nothing-to-repay option opens on any one of four categories.
The calculator below runs this math on a price you enter. Choose an assistance option offered in Texas and add any cash of your own; it sizes the minimum investment, the assistance, what is left for closing costs, the FHA loan with its mortgage insurance, and the payment at an editable market benchmark rate.
Where Georgetown’s first-time and moderate-income buyers shop — and how the assistance fits.
Census housing and income data describe who buys in Georgetown, TX and what it costs to get in; a lender reads those figures as context for the first lien, not as underwriting inputs.
These are context figures, not underwriting inputs. The higher the median value, the larger the minimum investment in dollars; that is why the assistance is sized as a percentage of the price rather than a fixed sum, and why the larger option matters more in expensive markets.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including tenure, home values, gross rents, and household income.
Distinct Georgetown submarkets, distinct property rules.
Georgetown’s entry-level stock is not one market. Each submarket below carries its own price points, its own property rules, and its own fit with the assistance options.
Older neighborhoods and renovation loans
Renovation purchases in Georgetown qualify for the assistance on the price before repairs, which lets a buyer take on a home that needs work without also finding the minimum investment. The median owner-occupied home value in Georgetown runs near $429,100 on the latest Census estimate.
Manufactured homes on owned land
For Georgetown buyers looking at manufactured housing, the assistance is available on owned land, with single-width homes reaching only the option that accepts them. On a home at Georgetown’s median value, the FHA minimum investment comes to about $15,000 — the figure the assistance is built to cover.
Condominiums close to work
Buyers in Georgetown’s condominium buildings use the program to bridge the down payment, with the building’s approval status settled early so the closing is not held up. Georgetown itself counts a population near 86K; it sits within the Austin-Round Rock-San Marcos, TX area.
Townhomes and attached homes
Attached homes and townhomes in Georgetown sit at price points where the minimum investment is smaller in dollars but no easier to save; the assistance closes that gap, and the association’s documents are reviewed with the file. Median gross rent in Georgetown is about $1,795 a month — the payment many renters already carry.
New construction and infill
Infill and new-build homes in Georgetown pair with the assistance as long as the property is the buyer’s primary residence and the first lien is a government program. About 31% of Georgetown’s households rent — roughly 10,814 renter households, the pool the program exists for.
Small multi-unit homes, owner-occupied
A buyer who lives in one unit of a Georgetown duplex can use the program on the whole building; the nothing-to-repay option, which reaches four units, makes a house-hacking purchase reachable with the minimum investment covered. Median household income in Georgetown sits near $95,062 on the latest Census estimate.
Market context only. The option for a Georgetown file comes from the credit tier, the first lien, the property, and the eligibility category, never from the submarket.
Four ways Georgetown buyers put down payment assistance to work.
Down payment assistance in Georgetown, TX is used for more than a first purchase; these are the structures Georgetown buyers ask about most.
Pair the assistance with a USDA or HUD-184 mortgage
A Georgetown, TX buyer on a USDA or HUD-184 first lien uses the second-lien options, forgivable or repayable; the nothing-to-repay option pairs only with FHA first liens.
Buy a home that needs work with a renovation mortgage
For an older Georgetown home, the renovation first lien and the assistance fit together, with the assistance measured on the purchase price rather than the repaired value.
Buy a first home with the down payment covered
A Georgetown buyer with the income for the payment but not the cash to close uses the assistance to cover the FHA minimum investment, a grant with nothing to repay, and keeps savings for the move.
Cover closing costs too on the larger option
The larger option exists for the Georgetown, TX closing where the down payment is only half the problem: it carries the minimum investment and a further share for costs.
Size the assistance on a Georgetown price before requesting a quote.
Run a Georgetown price through the options before you request a quote: the minimum investment, the assistance applied, what is left for closing costs, the mortgage insurance tier, and the estimated payment. Enter income to see the ratios a lender reads.
Georgetown FHA payment with assistance
Seeded from Georgetown’s home values; every field is editable, and the estimate updates as you change the price, the option, your cash, or the rate.
Editable benchmark: 7.28% as of October 1, 2026 · Freddie Mac 30-year average via FRED®. A conventional market reference, not an FHA loan quote.
Illustrative starting assumptions: a $430,000 price near Georgetown’s median owner-occupied home value, the strongest assistance option offered in Texas applied against the FHA minimum investment, a thirty-year term at the current Freddie Mac benchmark, property taxes and insurance estimated for Texas (U.S. Census Bureau). Every field is editable.
Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. The rate field carries the weekly Freddie Mac thirty-year conventional benchmark, a market reference and not an FHA loan quote; your rate is set by the lender at lock. FHA mortgage insurance follows HUD’s published schedule for the term, leverage and loan size entered; taxes, insurance and dues are editable estimates; closing costs are not included; a repayable second lien adds its own payment, which is not shown here. Consumer mortgage lending licensed in sixteen states. Lendmire is not affiliated with or acting on behalf of FHA, USDA, HUD, or the federal government.
Same buyer, three very different closings.
Down payment assistance is one of the ways a Georgetown buyer covers the minimum investment; each has a different cost after closing.
Assistance on an FHA loan, your own down payment, or assistance on a USDA or HUD-184 loan.
Assistance that closes with the first lien: it covers the minimum investment; its shape is chosen by the credit tier and the first lien, with the eligibility category where the nothing-to-repay option is in play, and the second-lien options stay open to repeat buyers with no income limit.
Paying the minimum investment yourself keeps the closing simplest — no second lien, no category, no course; the trade is the months or years of saving that the assistance replaces. For the first lien itself, see Lendmire’s FHA loan program.
Where the property is USDA-eligible or the buyer qualifies for HUD-184, the forgivable options and the ten-year repayable option carry the Georgetown file; the separate closing-cost option is FHA only. For the USDA first lien, see the USDA loan program.
Assistance fits the buyer short of cash to close; the plain purchase fits the buyer with savings; the USDA and HUD-184 pairing fits eligible properties and borrowers — Lendmire places the Georgetown, TX file where it reads best.
What to prepare for a Georgetown scenario review.
The documents a lender reads first on an assistance file.
This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the mortgage, the assistance option, the property, and the eligibility category. Nothing here is legal or tax advice.
Local details that can change the loan.
Every Georgetown file is underwritten individually, but the same handful of considerations recur; they are worth settling before the contract is signed.
Use these checks to keep the Georgetown file clean and fundable.
Settle the option, the first lien, the property’s eligibility, and the category before the appraisal is ordered; a Georgetown file that clears these reads cleanly.
- Know the option: choose by cost to carry first, amount second.
- Confirm the category: identify the category that opens the nothing-to-repay option.
- Plan for the balloon: read the second lien’s own disclosures.
The option decides what you owe afterward
The same minimum investment can be covered three ways on a purchase in Georgetown, TX, and the difference is entirely in what happens after closing: nothing, nothing if the first lien stays current, or a second loan that comes due; the options table shows what is offered.
The eligibility category for the nothing-to-repay option
The category is checked at application on the nothing-to-repay option, together with the signed assistance application and the education certificate; no option requires a first-time buyer, and the second-lien options carry no income limit.
The balloon on the repayable option
A Georgetown buyer choosing the larger option should read the balloon as a planning date: the second lien is settled by sale, refinance, or payoff before it, and the first lien continues on its own schedule.
Escrow holdbacks for minor repairs
A Georgetown home with a small repair list does not have to wait for the work before closing; the escrow holdback carries it, within the program’s cap and timeline, with an inspection when the work is done.
No stacking with other assistance
No option may be combined with another down payment assistance program in Georgetown, TX, and the nothing-to-repay and forgivable options do not combine with a high-balance first lien; one assistance option, one first lien, one closing.
From a Georgetown pre-approval to keys with the assistance in place.
The process for a Georgetown, TX purchase with assistance is deliberate, because the details around the assistance are what stall closings.
Pick the option
Every Georgetown file starts with the option and the first lien; the category, the homebuyer education course and the property rules are then settled around them, in that order.
Get the mortgage approved
The first lien’s approval carries the file; the assistance is arranged alongside it, with the eligibility category and the education certificate in hand where they apply.
Clear the property
The property side of a Georgetown, TX file is where the option can change: unit count, project approval, and the loan limit are confirmed before the closing is scheduled.
Close both loans together
Final underwriting reads the whole Georgetown, TX file against the first lien’s rules and the option’s; the loan funds with the assistance in place and the second lien, where there is one, recorded behind it.
A brokerage that pairs the assistance to the loan.
An assistance file rewards preparation, and preparation is what a brokerage built for first-time and moderate-income buyers provides.
The option, matched to the buyer
A Georgetown scenario is placed on the right option first — the credit tier, the first lien, and the category — and the rest of the file is then built to fit it, before anything is ordered.
The mortgage, matched to the property
USDA where the address is eligible, HUD-184 where the buyer qualifies, FHA everywhere; the Georgetown, TX first lien is the foundation the assistance stands on.
The right wholesale program
Not every wholesale lender carries down payment assistance, and the ones that do differ on shape, floors, and states; Lendmire knows which is which.
Trusted by first-time buyers & families alike.
Georgetown down payment assistance FAQs
The questions a Georgetown, TX buyer asks before requesting an assistance review, answered plainly.
Do I have to be a first-time homebuyer?
No — and that surprises most Georgetown buyers. The program has no first-time requirement; owning a home before does not close a single option, and being a first-time buyer is simply one of the doors into the nothing-to-repay option.
Is there an income limit?
A Georgetown buyer above the area income limit still reaches the nothing-to-repay option through an occupation, a first purchase, or the tract, and reaches the second-lien options regardless of income.
What first-time home buyer programs are available in Georgetown?
Assistance measured as a percentage of the price, in shapes that differ by what you owe afterward: nothing, nothing if the mortgage stays current, or a second loan with a balloon. Credit, the mortgage, the property, and the eligibility category decide which fits.
Do I have to pay the assistance back?
A nothing-to-repay option is released at closing with no lien and no payment. The forgivable second liens also cost nothing — no interest, no payment — as long as the mortgage stays current through the forgiveness period, and they pair with USDA and HUD-184 mortgages as well as FHA. The repayable options are loans, with a monthly payment and a balloon.
What credit score do I need?
Lower than most buyers expect: the entry floor for a Georgetown buyer sits in the low six hundreds, with the second-lien options a step or two higher. Two-borrower files may qualify on a blended score on the second lien when the higher earner has the higher score.
What does Lendmire do on a Georgetown first-time home buyer file?
The structural work covers the option, the first lien, the property, the category, the education course, the disclosures, and closing. A Georgetown buyer brings the contract; Lendmire brings the fit.
What property types are eligible?
Single-family homes, FHA-approved condominiums, townhomes and planned developments, owner-occupied two-to-four-unit homes within each option’s limit, and manufactured homes on owned land — single-width on the nothing-to-repay option, double-width on the second-lien options. Unique property types are outside the second-lien options.
Can I use the assistance on a second home or a rental?
The assistance is for the home you live in; rentals and second homes are financed other ways.
What is the repayable option and when does it make sense?
A second lien that amortizes over thirty years and comes due in the tenth year, with interest, a monthly payment, and its own disclosures. It makes sense when the help needs to reach closing costs and prepaids or when the first lien is high balance.
What if my mortgage is above the county loan limit?
Above the county limit, the repayable options carry the assistance; below it, every option is available. The price and the limit are settled before the option is chosen.
The down payment is the hurdle. Let us clear it.
A first read of a Georgetown assistance scenario takes a few minutes and commits you to nothing; the option, the category, and the property rules are explained before anything is ordered.
This guide covers Georgetown — for the statewide options, categories, and property rules, see Down Payment Assistance in Texas, part of Lendmire’s down payment assistance program.
Nearby markets in Texas: Round Rock · Leander · Cedar Park · Pflugerville · Austin · Killeen · Temple · Kyle
Related programs: FHA Loans · USDA Loans · FHA 203(k) Rehab Loans