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 Chico, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Chico, TX provides a financial boost to eligible homebuyers in Chico, 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 Chico, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Chico, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Chico, 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 Chico, 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 Chico, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Chico, 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 Chico, 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 Chico, 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.
Obtaining an FHA Down Payment Assistance Home Loan in Chico, Texas can provide numerous benefits for potential homeowners. This type of loan requires a lower down payment, making homeownership more accessible to individuals with limited savings. Furthermore, FHA loans offer competitive interest rates, allowing borrowers to secure housing at affordable costs. In addition, FHA loans have less stringent requirements compared to conventional mortgages, making it easier for individuals with lower credit scores to qualify. Demographically, Chico, Texas, is a diverse community with a population of approximately 1,000 residents. The town has a charming small-town atmosphere, perfect for those seeking a tight-knit community environment. In terms of the housing market, Chico, Texas, offers a range of housing options, including single-family homes, townhouses, and apartments. The median home price in Chico is affordable compared to larger cities, making it an attractive location for first-time homebuyers. Some main attractions in Chico, Texas, include the beautiful Chico State Park, which offers hiking trails, fishing spots, and camping grounds. The town also hosts annual events such as the Chico Fest, a celebration of local artisans, musicians, and food vendors.
Benefits of FHA Down Payment Assistance Home Loan in Chico, Texas
