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 Baytown, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Baytown, TX provides a financial boost to eligible homebuyers in Baytown, 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 Baytown, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Baytown, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Baytown, 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 Baytown, 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 Baytown, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Baytown, 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 Baytown, 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 Baytown, 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.
1. Lower Down Payment: FHA loans offer lower down payment requirements, which makes homeownership more accessible, especially for first-time buyers. 2. Flexible Qualifications: FHA loans have less stringent credit score requirements and allow higher debt-to-income ratios, making it easier for individuals to qualify for a home loan. 3. Down Payment Assistance: FHA loans in Baytown, Texas, often come with down payment assistance programs that can help buyers further reduce their upfront costs. Demographics: Baytown, Texas, has a diverse population with a mix of different ethnicities, ages, and income levels. It is a growing city that attracts families and young professionals looking for affordable housing options. Housing Market: The housing market in Baytown, Texas, offers a variety of options ranging from single-family homes to apartments and townhouses. The median home price is relatively affordable compared to nearby metropolitan areas, making it an attractive location for homebuyers. Main Attractions: Baytown boasts attractions such as the Baytown Nature Center, where visitors can enjoy nature trails and birdwatching, as well as historical sites like the Lynchburg Ferry and the Baytown Historical Museum.
Benefits of FHA Down Payment Assistance Home Loan in Baytown, Texas
