HOME OWNERSHIP :: FIRST TIME HOMEBUYER ASSISTANCE PROGRAM :: FAQ

1. How do homebuyers apply for the first time homebuyer program?

Contact Tarrant County Housing Partnership, Inc. (TCHP) at 817-924-5091.
2. Will a poor credit rating affect the homebuyers application for homebuyer
assistance?
The City of Arlington does not perform a credit check; however, to participate, you will need
to be able to qualify for a mortgage. If you have credit problems, TCHPs trained staff can
help you improve your credit score in preparation for homeownership.
3. Is it necessary to participate in pre-purchase homeownership training?
Yes, to qualify for homebuyer assistance, applicants must complete a HUD-approved
homeownership training course. Homebuyers may select from any of the HUD-approved
housing counseling agencies to complete this training.
4. Will homebuyers be required to repay the homebuyer assistance?
If you continue to reside in the home you purchased for the required time period (typically
five years), no repayment will be required. If you sell your home or move out before the
end of the required time period, you may be required to repay a pro-rated portion of the
funds provided at the time you sell your home or move out.
5. Will the homebuyer be charged interest for homebuyer assistance?
No, this loan is provided as a 0% loan. No payments are required as long as you continue to
live in the home for the required time period.
6. Is a home inspection required?
Yes, the City of Arlington has contracted with Illumination Home Inspection for residential
inspection services for this program. An inspection will be performed to ensure the home
meets the applicable minimum property standards for this program. At your option, you can
also obtain a Texas Real Estate Commission (TREC) inspection at the same time.
7. Is there a fee to apply for homebuyer assistance?
No, there is no application fee; however, you must personally contribute at least $1,000
towards the purchase price of your home.
8. If the homebuyer is now divorced but previously owned a home with a former
spouse, do they qualify as a first time homebuyer?
If the homebuyer was not awarded possession of their previous residence through their
divorce, they may qualify for the first time homebuyer assistance program as a displaced
homemaker.
Please contact the program administrator, Tarrant County Housing Partnership, Inc. (TCHP)
at 817-924-5091 with additional questions.
Please contact your loan officer or (the City of Arlington at 817-459-6777) with additional
questions.