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 Archer City, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Archer City, TX provides a financial boost to eligible homebuyers in Archer City, 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 Archer City, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Archer City, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Archer City, 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 Archer City, 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 Archer City, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Archer City, 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 Archer City, 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 Archer City, 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 Home Loan in Archer City, Texas offers various benefits to potential homebuyers. One major advantage is the lower down payment requirement compared to conventional loans, making homeownership more accessible. Additionally, FHA loans often have lower credit score requirements, allowing individuals with less than perfect credit to qualify. Demographically, Archer City is a charming small town in Texas with a population of around 1,700 residents. The town has a mix of age groups, with a median age of 39 years. The community is tight-knit, offering a friendly and welcoming environment for families looking to settle down. In terms of the housing market, Archer City has a range of housing options, from historic homes to modern developments. The median home value in the area is around $110,000, making it an affordable option for first-time buyers. The market is stable, with a steady increase in property values over the past few years. Some main attractions in Archer City include the Royal Theater, known for its classic movie screenings and live performances. The town is also home to the Archer County Museum, showcasing the rich history of the area. Outdoor enthusiasts can enjoy hiking and fishing at Lake Archer, providing recreational activities for residents of all ages.
Benefits of FHA Down Payment Assistance Home Loan in Archer City, Texas
