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 Castroville, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Castroville, TX provides a financial boost to eligible homebuyers in Castroville, 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 Castroville, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Castroville, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Castroville, 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 Castroville, 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 Castroville, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Castroville, 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 Castroville, 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 Castroville, 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.
An FHA down payment assistance home loan in Castroville, Texas can make homeownership more accessible, particularly for first-time buyers. These loans offer lower down payment requirements, as low as 3.5% of the purchase price, making it easier for individuals and families to purchase a home. Furthermore, FHA loans often have lower credit score requirements compared to conventional loans, enabling individuals with less than perfect credit to qualify for financing. The interest rates are typically competitive as well, providing borrowers with affordable monthly payments. Additionally, FHA loans allow for financial gifts from family members or approved organizations to be used towards the down payment, offering further assistance to potential buyers. Demographics: Castroville, Texas, has a population of approximately 3,000 residents. The town has a suburban feel and is primarily composed of families and young professionals. The median age of residents in Castroville is 40 years old. Housing Market: The housing market in Castroville is diverse, offering a mix of historic homes, new developments, and rural properties. The median home value in Castroville is around $250,000, with a steady appreciation rate over the past few years. Main Attractions: Castroville is known for its rich history, with attractions such as the Steinbach House, a historic German home, and the Landmark Inn State Historic Site. Outdoor enthusiasts can enjoy various parks and recreational areas, including Castroville Regional Park and Medina River Natural Area.
Benefits of FHA Down Payment Assistance Home Loan
