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 Bandera, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bandera, TX provides a financial boost to eligible homebuyers in Bandera, 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 Bandera, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bandera, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bandera, 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 Bandera, 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 Bandera, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bandera, 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 Bandera, 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 Bandera, 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 primary benefits of the FHA Down Payment Assistance Home Loan in Bandera, Texas, is that it allows homebuyers to purchase a home with a lower down payment requirement compared to traditional mortgages. This makes homeownership more accessible and achievable for individuals and families who may not have substantial savings for a large down payment. Additionally, this type of loan often offers competitive interest rates and flexible credit requirements, making it an attractive option for first-time homebuyers or those with less-than-perfect credit scores. The FHA loan program also provides options for refinancing, renovation loans, and streamlined processes, simplifying the home buying experience for borrowers. Bandera, Texas, is a vibrant community known for its rich history, diverse culture, and friendly residents. The town has a population of approximately 1,000 residents and offers a small-town charm with modern amenities. The housing market in Bandera is diverse, with a range of options from historic homes to new developments, catering to various preferences and budgets. Some main attractions in Bandera include the Bandera Natural History Museum, the Frontier Times Museum, and the picturesque Bandera City Park. Outdoor enthusiasts can enjoy activities such as hiking, horseback riding, and fishing in the nearby Hill Country State Natural Area. With its scenic beauty and welcoming atmosphere, Bandera, Texas, is a desirable location for those seeking a mix of culture, history, and outdoor recreation.
Benefits of FHA Down Payment Assistance Home Loan in Bandera, Texas
