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 Balch Springs, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Balch Springs, TX provides a financial boost to eligible homebuyers in Balch Springs, 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 Balch Springs, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Balch Springs, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Balch Springs, 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 Balch Springs, 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 Balch Springs, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Balch Springs, 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 Balch Springs, 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 Balch Springs, 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 loans in Balch Springs, Texas offer several benefits to prospective home buyers. These loans typically require a lower down payment, making homeownership more accessible to individuals who may not have a large sum of money saved up for a traditional down payment. Demographically, Balch Springs has a diverse population, with a mix of families, young professionals, and retirees. The city has a suburban feel and offers a range of amenities to residents, including parks, schools, and shopping centers. The housing market in Balch Springs is stable, with a mix of single-family homes, townhouses, and apartments available for purchase. The median home price is affordable compared to neighboring areas, making it an attractive option for first-time home buyers. Some main attractions in Balch Springs include the Mesquite Golf Club, the Juanita J. Craft Recreation Center, and the local farmers' market. These attractions provide residents with opportunities for leisure, recreation, and community engagement.
Benefits of FHA Down Payment Assistance Home Loan in Balch Springs, Texas
