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Item 1.01. Entry into a Material Definitive Agreement.

Effective June 29, 2011, DHI Mortgage Company, Ltd., a Texas limited partnership (“DHI Mortgage” or the “Seller”), and a subsidiary of D.R. Horton, Inc., and U.S. Bank National Association, a national banking association, as a Buyer, as Administrative Agent, and as Syndication Agent (“U.S. Bank” or “Buyer”) entered into a Sixth Amendment to the Master Repurchase Agreement dated March 27, 2008 (the “Master Repurchase Agreement”), as amended by, the First Amendment to the Master Repurchase Agreement, dated March 5, 2009, the Second Amendment to the Master Repurchase Agreement dated September 23, 2009, the Third Amendment to the Master Repurchase Agreement dated March 4, 2010, the Fourth Amendment to the Master Repurchase Agreement dated July 30, 2010, and the Fifth Amendment to the Master Repurchase Agreement dated March 4, 2011 (the Master Repurchase Agreement, as amended, the “Repurchase Facility”).

The primary purpose of the Repurchase Facility is to provide financing and liquidity to DHI Mortgage by facilitating purchase transactions in which DHI Mortgage transfers eligible loans to buyers against the transfer of funds by buyers (thereby becoming purchased loans). The purchase transactions are based on the terms and conditions in the Repurchase Facility and the ancillary or operative agreements attached thereto or referred to therein. Amounts outstanding under the Repurchase Facility are not guaranteed by D.R. Horton, Inc. or any of its subsidiaries that guarantee their homebuilding debt.

The Sixth Amendment provides that the capacity of the facility (“Committed Sum”) be increased to $150,000,000 from June 29, 2011 through October 20, 2011. At all other times, the Committed Sum is $100,000,000.  Generally, advances under the Repurchase Facility carry a Pricing Rate based on the greater of (i) 1.25% and (ii) the Libor Rate plus the Libor Margin. The Libor Margin is 2.5%. The Pricing Rate is subject to the Libor Floor, which provides that the Pricing Rate will not in any event be less than three and three-quarters percent (3.75%).

The Repurchase Facility has a term of the earlier of (i) March 4, 2012, or (ii) the date when the Buyers’ Commitments are terminated pursuant to the Repurchase Facility, by order of any Governmental Authority or by operation of law. The Sixth Amendment is filed herewith as Exhibit 10.1 and is incorporated by reference into this Item 1.01.

The information set forth above under Item 1.01. “Entry into a Material Definitive Agreement” is hereby incorporated by reference into this Item 2.03.

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Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

D. R. Horton, Inc.

Date: July 6, 2011

By: /S/ Bill W. Wheat
Bill W. Wheat
Executive Vice President and
Chief Financial Officer

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EXHIBIT INDEX

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