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 Big Spring, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Big Spring, TX provides a financial boost to eligible homebuyers in Big Spring, 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 Big Spring, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Big Spring, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Big Spring, 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 Big Spring, 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 Big Spring, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Big Spring, 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 Big Spring, 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 Big Spring, 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 provide a great opportunity for first-time homebuyers or those with limited funds to purchase a home in Big Spring, Texas. These loans offer lower down payment requirements, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans typically have lower credit score requirements, allowing borrowers with less than perfect credit to qualify for a loan. This can be particularly beneficial for those who may not meet the strict requirements of conventional loans. Moreover, FHA loans often come with competitive interest rates, helping borrowers save money over the life of the loan. Combined with the down payment assistance program, these loans can provide significant cost savings for homebuyers in Big Spring. Demographics Big Spring, Texas, is a welcoming community with a diverse population. The city boasts a mix of young professionals, families, and retirees, creating a vibrant and inclusive environment for residents. Housing Market The housing market in Big Spring offers a range of options for homebuyers, from historic homes with character to modern developments with state-of-the-art amenities. The market is competitive but still affordable, making it an attractive location for those looking to purchase a home. Main Attractions Big Spring is home to many attractions, including the Big Spring State Park, where residents can enjoy hiking, fishing, and camping. The city also has a thriving arts and culture scene, with galleries, museums, and theaters showcasing local talent.
Benefits of FHA Down Payment Assistance Home Loan
