Get Approved at The Lowest Rate
Securing a down payment can be one of the biggest challenges on the path to homeownership. That’s why we’re thrilled to offer a comprehensive Down Payment Assistance (DPA) program in Addison, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Addison, TX provides a financial boost to eligible homebuyers in Addison, TX, making it easier to cover the upfront costs of purchasing a home. This assistance is available in the form of a forgivable grant, which means you don’t have to repay it under certain conditions.
Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Addison, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Addison, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Addison, TX, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.
Enjoy the freedom of homeownership in Addison, TX without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.
To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:
A FICO score of 580 qualifies you for Approve/Eligible status in Addison, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Addison, TX.
If you’re still working, you must either be retired or actively volunteer in your community.
We are committed to guiding you through every step of the home-buying process in Addison, TX. Our experienced team will work closely with you to explore your options, ensuring you make informed decisions that suit your financial situation and homeownership goals.
Don’t let the down payment be a barrier to your dream home. Contact Horizon Lending Services today to learn more about our FHA Down Payment Assistance program in Addison, TX and take the first step towards owning your home. Our dedicated professionals are here to help you navigate the complexities of home buying with confidence and ease.
Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.
One key benefit of the FHA Down Payment Assistance Home Loan in Addison, Texas is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This opens up home ownership opportunities for individuals who may not have substantial savings. Another advantage is the lenient credit score requirements. FHA loans are more forgiving of lower credit scores compared to conventional loans, making them accessible to a broader range of borrowers, including first-time homebuyers and those with less-than-perfect credit histories. Additionally, FHA loans offer competitive interest rates, helping borrowers save money over the life of the loan. The assistance programs available through FHA can also help with closing costs, further reducing the financial burden on the buyer. Demographics of Addison, Texas Addison is a diverse and vibrant community located in the Dallas-Fort Worth metroplex. With a population of around 15,000 residents, Addison offers a mix of urban amenities and a suburban feel, making it an attractive place to live for families, young professionals, and retirees alike. Housing Market in Addison, Texas The housing market in Addison, Texas is thriving, with a variety of housing options available to suit different preferences and budgets. The median home value in Addison is above the national average, reflecting the desirability of the area, but there are also affordable housing options for first-time buyers. Main Attractions in Addison, Texas Addison is known for its vibrant restaurant scene, hosting the popular Taste Addison food festival annually. The town also boasts numerous parks, trails, and green spaces, providing residents with ample opportunities for outdoor recreation. Additionally, Addison Circle Park serves as a hub for community events, concerts, and festivals throughout the year.
Benefits of FHA Down Payment Assistance Home Loan in Addison, Texas
