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 Austin, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Austin, TX provides a financial boost to eligible homebuyers in Austin, 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 Austin, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Austin, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Austin, 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 Austin, 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 Austin, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Austin, 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 Austin, 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 Austin, 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 key benefits of an FHA Down Payment Assistance Home Loan in Austin, Texas, is the opportunity for first-time homebuyers to secure a home with a lower down payment requirement. This can make homeownership more accessible and affordable for those who may not have substantial savings for a traditional down payment. Moreover, these loans often come with competitive interest rates, further reducing the overall cost of homeownership. Additionally, the FHA program allows for more flexible qualification criteria, making it easier for individuals with less-than-perfect credit scores to qualify for a home loan. Demographically, Austin, Texas, is a diverse and rapidly growing city known for its vibrant arts and music scene, tech industry presence, and a young and educated population. The city's growth has led to a strong job market, attracting professionals from various industries. In terms of the housing market, Austin has experienced a surge in demand for housing, leading to competitive pricing and a seller’s market. However, with the assistance of programs like FHA Down Payment Assistance, buyers can navigate the market more effectively and secure a home in this bustling city. Austin boasts a range of attractions, including the picturesque Lady Bird Lake, the historic Texas State Capitol, and the renowned live music scene on Sixth Street. Additionally, the city's food scene, outdoor recreational opportunities, and cultural events make it a dynamic and exciting place to live.
Benefits of FHA Down Payment Assistance Home Loan in Austin, Texas
