Happy family playing with moving boxes in a bright, empty room during a house move.

HELP Funds

First-time homebuyer? HELP is here.

Make your first-home dreams a reality. Qualifying buyers can receive up to $20,000 in down-payment and closing-cost assistance—plus, you may qualify for an additional $2500 grant.

To qualify, homebuyers must meet the following criteria:

  • Be at or below 80 percent of the area median income (AMI) as defined by HUD
  • Must complete a homebuyer counseling program
  • Must contribute $500 of their own funds toward the required down payment or closing costs
  • Eligible property must be the borrower's primary residence
  • Must commit to retaining their home for a period of five years
  • May not receive any cash back at closing

HELP is a partnership between Red River Bank and Federal Home Loan Bank of Dallas. Subject to credit approval, income limits apply, and first-time buyer counseling is required. Not all applicants will qualify. A guarantee to lend is neither offered nor implied based on this advertisement. FHLB grant money is available until it runs out. Grants are given on a first-served basis and approved by FHLB and RRB. Additional conditions may apply.

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