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 Allen, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Allen, TX provides a financial boost to eligible homebuyers in Allen, 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 Allen, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Allen, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Allen, 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 Allen, 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 Allen, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Allen, 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 Allen, 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 Allen, 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 of the main benefits of an FHA Down Payment Assistance Home Loan in Allen, Texas is the ability for eligible homebuyers to obtain a home with a lower down payment requirement. This can make homeownership more attainable for individuals and families who may not have substantial savings. Another advantage is that FHA loans often have more flexible credit requirements compared to conventional loans, making it easier for individuals with less-than-perfect credit scores to qualify for a mortgage. Furthermore, FHA loans typically offer competitive interest rates, which can result in lower monthly mortgage payments, providing long-term savings for homeowners in Allen, Texas. Demographics Allen, Texas is a vibrant city with a diverse population. The city has seen significant growth in recent years, attracting residents from various backgrounds and age groups. The median household income in Allen is above the national average, reflecting a strong economic foundation in the area. Housing Market The housing market in Allen, Texas is robust, with a mix of new developments and established neighborhoods. The real estate market offers a variety of housing options, from single-family homes to townhouses and condos, catering to the needs of different homebuyers. Main Attractions Allen, Texas offers a range of attractions for residents and visitors alike. From shopping and dining experiences at the Allen Premium Outlets to outdoor activities at the Bethany Lakes Park, there is something for everyone to enjoy in this thriving city.
The Benefits of FHA Down Payment Assistance Home Loan in Allen, Texas
