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 Alba, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Alba, TX provides a financial boost to eligible homebuyers in Alba, 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 Alba, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Alba, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Alba, 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 Alba, 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 Alba, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Alba, 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 Alba, 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 Alba, 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.
FHA Down Payment Assistance in Alba, Texas offers numerous benefits to homebuyers, including lower down payment requirements and competitive interest rates. This can make homeownership more accessible to individuals who may not qualify for traditional loans. Alba, Texas, with a population of approximately 500 residents, is a small yet charming community known for its friendly atmosphere and tight-knit community. The town boasts a diverse population with a mix of families, retirees, and young professionals. The housing market in Alba, Texas, is stable with a median home value of $150,000, making it an affordable option for first-time homebuyers. With the assistance of FHA loans, buyers can take advantage of the current market conditions and invest in their dream home. Alba is located near the beautiful Lake Fork Reservoir, offering residents and visitors ample opportunities for outdoor activities such as fishing, boating, and hiking. Additionally, the town is within proximity to Tyler State Park, known for its picturesque landscapes and recreational facilities.
Benefits of FHA Down Payment Assistance Home Loan in Alba, Texas
