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 Amarillo, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Amarillo, TX provides a financial boost to eligible homebuyers in Amarillo, 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 Amarillo, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Amarillo, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Amarillo, 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 Amarillo, 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 Amarillo, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Amarillo, 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 Amarillo, 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 Amarillo, 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.
Benefits: The FHA Down Payment Assistance Home Loan in Amarillo, Texas offers numerous advantages for first-time homebuyers. It allows for a lower down payment, usually around 3.5%, making home ownership more affordable. Additionally, the loan requirements are more flexible, making it easier for individuals with lower credit scores to qualify. The program also provides assistance for closing costs, further reducing the financial burden on buyers. Demographics: Amarillo, Texas, has a diverse population with a mix of young professionals, families, and retirees. The median age is around 33 years old, and the city has a lower cost of living compared to the national average. The job market is strong, with opportunities in healthcare, agriculture, and manufacturing sectors. Housing Market: The housing market in Amarillo is robust, with a variety of housing options ranging from single-family homes to apartments. The median home price is below the national average, making it an attractive location for first-time buyers. The market is stable, showing steady appreciation in property values over the years. Main Attractions: Amarillo has several attractions for residents and visitors alike. The Palo Duro Canyon State Park offers outdoor activities such as hiking and camping. The city is also famous for the Cadillac Ranch art installation and the historic Route 66. Residents can enjoy a vibrant arts scene, delicious Texan cuisine, and a friendly community atmosphere.
Benefits of FHA Down Payment Assistance Home Loan in Amarillo, Texas
