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 Bovina, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bovina, TX provides a financial boost to eligible homebuyers in Bovina, 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 Bovina, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bovina, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bovina, 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 Bovina, 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 Bovina, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bovina, 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 Bovina, 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 Bovina, 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 Bovina, Texas offer numerous benefits to potential homebuyers. One of the main advantages is the lower down payment requirement, making homeownership more accessible to a wider range of individuals. Furthermore, these loans often come with competitive interest rates, which can result in lower monthly payments and overall savings for the borrower over the life of the loan. Additionally, FHA loans are known for their more lenient credit score requirements, making them a viable option for those with less-than-perfect credit. Moreover, the FHA loan program provides options for first-time homebuyers and those who may not qualify for traditional financing. This can be a significant advantage for individuals looking to purchase their first home or those who have unique financial circumstances. Demographics Bovina, Texas, a small town in Parmer County, has a population of approximately 1,800 residents. The community is predominantly composed of families and individuals drawn to the area's rural charm and friendly atmosphere. Housing Market The housing market in Bovina, Texas offers a range of options, from cozy single-family homes to spacious properties with ample yard space. With the assistance of FHA loans, potential homebuyers have more flexibility in finding a property that suits their needs and budget. Main Attractions Bovina, Texas boasts a variety of local attractions, including parks, recreational facilities, and a vibrant downtown area. Residents and visitors alike can enjoy outdoor activities, community events, and a close-knit sense of community in this charming town.
The Benefits of FHA Down Payment Assistance Home Loan in Bovina, Texas
