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 Bay City, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bay City, TX provides a financial boost to eligible homebuyers in Bay 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 Bay City, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bay City, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bay 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 Bay 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 Bay City, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bay 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 Bay 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 Bay 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.
One of the key benefits of the FHA Down Payment Assistance Home Loan in Bay City, Texas is that it allows potential homebuyers to purchase a home with a lower down payment. Another advantage is that this type of loan provides financial assistance to individuals who may not have sufficient funds for a conventional down payment, making homeownership more accessible. Moreover, FHA loans often have lower credit score requirements, making them appealing to individuals with less-than-perfect credit scores. Demographics: Bay City, Texas, has a population of approximately X, with a median household income of Y. The city is known for its diverse community, with a mix of age groups and cultural backgrounds. Housing Market: The housing market in Bay City, Texas, is currently experiencing steady growth, with a range of housing options available for buyers. The median home price in the area is Z, making it an attractive location for first-time homebuyers. Main Attractions: Some of the main attractions in Bay City include the historic Matagorda County Museum, the Bay City Nature Center, and the Matagorda County Birding Nature Center.
Benefits of FHA Down Payment Assistance Home Loan in Bay City, Texas
