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 Bonham, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bonham, TX provides a financial boost to eligible homebuyers in Bonham, 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 Bonham, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bonham, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bonham, 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 Bonham, 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 Bonham, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bonham, 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 Bonham, 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 Bonham, 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 Loan in Bonham, Texas provides numerous benefits such as lower down payment requirements, competitive interest rates, and easier qualification standards for first-time homebuyers. This program assists individuals in achieving the dream of homeownership by making it more affordable and accessible. Additionally, borrowers can benefit from fixed-rate mortgages, which offer stability and predictability in monthly payments. Bonham, Texas, with a population of approximately 10,000 residents, boasts a diverse community with a median household income of $35,000. The city's demographics reflect a mix of age groups, ethnicities, and occupations, creating a vibrant and inclusive environment for residents. The housing market in Bonham, Texas, is characterized by affordable home prices, ranging from $100,000 to $300,000, depending on the size and location of the property. The market offers a variety of housing options, including single-family homes, apartments, and townhouses, catering to different preferences and budgets. Some main attractions in Bonham include the Sam Rayburn House State Historic Site, Bonham State Park, and the Fannin County Museum. These attractions provide opportunities for outdoor recreation, historical exploration, and cultural enrichment, making Bonham an attractive place to live and visit.
FHA Down Payment Assistance Home Loan in Bonham, Texas
