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 Bishop, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bishop, TX provides a financial boost to eligible homebuyers in Bishop, 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 Bishop, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bishop, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bishop, 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 Bishop, 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 Bishop, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bishop, 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 Bishop, 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 Bishop, 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 Bishop, Texas offer prospective homebuyers the opportunity to purchase a house with a lower down payment requirement. This can make home ownership more accessible to a wider range of individuals and families in the area. Demographically, Bishop, Texas has a population of approximately 3,200 residents, with a median household income of $53,000. The town is known for its strong sense of community and a family-friendly environment, making it an ideal place for individuals looking to settle down. In terms of the housing market, Bishop, Texas offers a range of housing options, from cozy single-family homes to spacious ranch-style properties. The average home price in Bishop is around $150,000, making it an affordable option for first-time homebuyers or those looking to downsize. Some main attractions in Bishop, Texas include the historic Nueces County Courthouse, the Bishop City Park, and the nearby Baffin Bay for outdoor enthusiasts. With its small-town charm and convenient access to amenities, Bishop is a welcoming community for individuals and families alike.
Benefits of a FHA Down Payment Assistance Home Loan in Bishop, Texas
