A $25K Down Payment Assistance Grant from FHLB Dallas and First National Bank Texas Helps Dental Assistant Achieve Homeownership
EL PASO, Texas--(BUSINESS WIRE)--A dental assistant is now a proud first-time homeowner, thanks in part to a $25,000 grant that helped cover her down payment and closing costs. Guadalupe Hernandez received the Homebuyer Equity Leverage Partnership (HELP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas), through its member First National Bank Texas (FNBT).
'Buying a house was my first goal when I made the move to El Paso,' said Ms. Hernandez, who moved from Presidio to put down roots in El Paso, Texas. 'The HELP grant made it possible to buy a good home in a market where everything was either too expensive or too old to be a good long-term investment.'
She credits her bank, FNBT, with making a key difference in the homebuying process.
'They were always a step ahead in the process and understood the specifics of my case, helping me qualify for a larger loan,' said Ms. Hernandez.
FNBT, an FHLB Dallas member institution, provided Ms. Hernandez with her mortgage and facilitated the HELP grant toward her down payment and closing costs.
HELP assists income-qualified, first-time homebuyers with down payment assistance and closing costs. Up to $25,000 per homebuyer is available in Texas and New Mexico and up to $20,000 per homebuyer is available in Arkansas, Louisiana and Mississippi. FHLB Dallas allocated $17 million for HELP this year, up from $15.5 million in 2024. The final round of funding for 2025, $4.25 million, opens on August 1.
'We're proud to play a part in supporting individuals like Ms. Hernandez on their homeownership journey,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'Through this down payment assistance grant, we hope to ease the financial burden and make homeownership more affordable for individuals and families across our communities.'
About First National Bank Texas
First National Bank Texas (FNBT) and First Convenience Bank (FCB), a division of FNBT, remain dedicated to providing customers with quality financial products and services. FNBT was originally founded in 1901 in the Central Texas town of Killeen, only 19 years after the city was established. From humble beginnings, FNBT has grown to over $4 billion in assets and operates in over 340 locations in Texas, Arizona, Arkansas and New Mexico.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $109.9 billion as of March 31, 2025, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 hours ago
- Yahoo
Offering 'Only' $100K More, Homebuyer Was Outbid On A $650K Home That Went For $810K. It Was Their 5th Loss—'I Don't Understand This Market'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A frustrated homebuyer in Southeast Pennsylvania says they were outbid yet again, this time after offering nearly $100,000 over the asking price. Despite a $750,000 offer on a $650,000 listing, the winning bid came in even higher: $810,000. 'I got nothing... We were almost $100K over ask and I thought that was insane,' the homebuyer wrote in the r/RealEstate subreddit. Their real estate agent advised against going that high, but the buyer believed it might be enough to compete. 'Someone came in $60K higher, waived everything and more.' Don't Miss: Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can invest with $1,000 at just $0.30/share. Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Now Raising at $3/Share The thread quickly filled with others sharing similar stories, especially from high-demand areas in the Northeast. One commenter wrote, 'You'll see a gut job crack house that needs $100K of work with a crumbling foundation list for $320K get 12 offers in 1 day, and sell for $400K. It really is that bad.' Several commenters pointed to developers as a major driver of skyrocketing bids. One explained that a developer in their area bought a $329,000 ranch home, bid it up to $445,000, then bought two neighboring homes for $500,000 each. All three were demolished and replaced with $1.4 million new construction. 'Because the developer can overpay... it destroys the comps in the local market,' one person explained. 'Now dated 3/2 ranchers... are going to be listed at $499,000... A first-time home buyer who is willing to put in sweat equity won't be able to afford the price of the house and the cost of renovations.' Trending: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. Many warned that asking prices are often set low to create bidding wars. 'Ask price is irrelevant,' one user wrote. Even if a home is severely underpriced, it will usually still sell for what the market is willing to pay. Another chimed in: 'That $650K price was just bait. They knew it would sell for at least $800K.' While some urged the original poster to keep trying, others suggested sitting it out. 'You dodged a bullet,' one person wrote. 'The rest of the country is either flat or declining already. NE is lagging, and you do not want to be on the tail end of this wild market.' The sentiment was similar across most comments: homebuying in hot markets like SE Pennsylvania has become brutal, especially for those without all-cash offers or the ability to waive contingencies. 'The market isn't real here,' a commenter from the region concluded. 'It's just the all-cash, waive-everything market. Sorry OP, the struggle is real for everyone here.' Read Next: Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. With Point, you can get up to $500,000 in cash from your property with no monthly payments and no income requirements — even if your credit isn't article Offering 'Only' $100K More, Homebuyer Was Outbid On A $650K Home That Went For $810K. It Was Their 5th Loss—'I Don't Understand This Market' originally appeared on
Business Wire
2 days ago
- Business Wire
A $25K Down Payment Assistance Grant from FHLB Dallas and First National Bank Texas Helps Dental Assistant Achieve Homeownership
EL PASO, Texas--(BUSINESS WIRE)--A dental assistant is now a proud first-time homeowner, thanks in part to a $25,000 grant that helped cover her down payment and closing costs. Guadalupe Hernandez received the Homebuyer Equity Leverage Partnership (HELP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas), through its member First National Bank Texas (FNBT). 'Buying a house was my first goal when I made the move to El Paso,' said Ms. Hernandez, who moved from Presidio to put down roots in El Paso, Texas. 'The HELP grant made it possible to buy a good home in a market where everything was either too expensive or too old to be a good long-term investment.' She credits her bank, FNBT, with making a key difference in the homebuying process. 'They were always a step ahead in the process and understood the specifics of my case, helping me qualify for a larger loan,' said Ms. Hernandez. FNBT, an FHLB Dallas member institution, provided Ms. Hernandez with her mortgage and facilitated the HELP grant toward her down payment and closing costs. HELP assists income-qualified, first-time homebuyers with down payment assistance and closing costs. Up to $25,000 per homebuyer is available in Texas and New Mexico and up to $20,000 per homebuyer is available in Arkansas, Louisiana and Mississippi. FHLB Dallas allocated $17 million for HELP this year, up from $15.5 million in 2024. The final round of funding for 2025, $4.25 million, opens on August 1. 'We're proud to play a part in supporting individuals like Ms. Hernandez on their homeownership journey,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'Through this down payment assistance grant, we hope to ease the financial burden and make homeownership more affordable for individuals and families across our communities.' About First National Bank Texas First National Bank Texas (FNBT) and First Convenience Bank (FCB), a division of FNBT, remain dedicated to providing customers with quality financial products and services. FNBT was originally founded in 1901 in the Central Texas town of Killeen, only 19 years after the city was established. From humble beginnings, FNBT has grown to over $4 billion in assets and operates in over 340 locations in Texas, Arizona, Arkansas and New Mexico. About the Federal Home Loan Bank of Dallas The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $109.9 billion as of March 31, 2025, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit
Axios
3 days ago
- Axios
Electronic music hub to open near Pearl
Hey Hey Social is bringing a new tune to the Pearl area as Broadway News' newest tenant. Why it matters: The new concept focuses on community, electronic music and providing a much-needed air-conditioned reprieve for customers of Broadway News' popular food and drink trucks, like Mira Matcha, Mila Coffee and Fratello's. The big picture: Edgar Hernandez, a longtime DJ and co-owner of La Casa Frida, is spearheading the project. The goal is to create an indoor hub for the community that's already thriving at the food truck park, he tells Axios. "The space is empty. Why not remodel it, open it up for the community . . . where they can sit inside and have AC," Hernandez says. The mid-century space anchoring the property previously housed retail shops including Richter Goods and Chic'tique. Hernandez expects it to open by the end of the summer. The vibe: By day, Hey Hey Social will feature soft beats for coworking and laid-back hangouts. At night, it will transform into a lounge-like social spot with plans to eventually serve beer and wine. "The ultimate goal is to have a dedicated hub or venue for electronic music in all its forms," Hernandez says. Hernandez says it was intentionally remodeled to preserve its 1960s charm. What's next: Hernandez is planning weekend programming like "Breakfast and Beats" with Fratello's, plus open-deck nights to showcase aspiring DJs.
