Yes. Most first-time homebuyer assistance programs have a maximum home purchase price that you cannot exceed in order to qualify. These price limits are set by the program and may change from year to year. The good news is that many homes throughout El Paso fall within these limits, giving buyers plenty of options to choose from. If you're interested in using one of these programs, your lender or REALTOR® can quickly verify whether the home you're considering qualifies. Knowing the price limits before you start shopping can save time and help you focus on homes that fit both your budget and the program's requirements.