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 Bivins, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bivins, TX provides a financial boost to eligible homebuyers in Bivins, 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 Bivins, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bivins, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bivins, 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 Bivins, 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 Bivins, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bivins, 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 Bivins, 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 Bivins, 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.
The FHA down payment assistance home loan program offers various benefits to homebuyers in Bivins, Texas. One of the primary advantages is the opportunity to secure a home with a lower down payment, often as low as 3.5% of the purchase price, making homeownership more accessible to individuals and families. Furthermore, FHA loans typically have more flexible credit score requirements, enabling individuals with less-than-perfect credit to qualify for a mortgage. This makes it an attractive option for first-time homebuyers or those who may have faced challenges in obtaining traditional financing. Another significant benefit is the potential for lower closing costs compared to conventional loans, helping borrowers save money during the homebuying process. Additionally, FHA loans are insured by the Federal Housing Administration, offering lenders greater security and potentially leading to more favorable loan terms for borrowers.
Benefits of FHA Down Payment Assistance Home Loan in Bivins, Texas
