Bank / Credit Union
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June 24, 2025
The Federal Home Loan Bank of Dallas has refreshed its home buyer down payment and closing cost assistance grant program with an additional $5 million. The bank initially gave $17 million to the Homebuyer Equity Leverage Partnership, but high demand led to a significant depletion in funds, according to a press release.
The grants are for Arkansas, Louisiana, Mississippi, New Mexico and Texas through financial institutions members. Of these states, home buyers in Arkansas, Louisiana and Mississippi are eligible for up to $20,000 in grants and Texas and New Mexico home buyers an receive up to $25,000.
“We are making these additional funds available due to the high demand for HELP grants that we’ve had from our members,” Greg Hettrick, SVP and director of community investment at FHLB Dallas, said in the release. “Down payment and closing costs are often among the biggest obstacles to buying a home. We value the work our members are doing in helping transition renters into homeowners in their communities.”
