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 Coleman, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Coleman, TX provides a financial boost to eligible homebuyers in Coleman, 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 Coleman, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Coleman, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Coleman, 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 Coleman, 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 Coleman, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Coleman, 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 Coleman, 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 Coleman, 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 offer a lower down payment requirement, making homeownership more accessible. This program provides financial assistance to individuals who may not have the traditional 20% down payment saved up. Demographically, Coleman, Texas, is a charming town with a population that values community. The area boasts a mix of families, young professionals, and retirees, creating a diverse and welcoming environment. The town is known for its strong sense of community spirit and tight-knit neighborhoods. In terms of the housing market, Coleman, Texas, offers a mix of historic homes and newer developments. The market is stable, with affordable housing options available for first-time buyers. The FHA Down Payment Assistance program can further enhance affordability and make owning a home in Coleman a reality for more individuals. Some main attractions in Coleman include the Coleman City Park, where families can enjoy picnics and outdoor activities. The town also boasts the Coleman Museum, which showcases the local history and culture. Additionally, outdoor enthusiasts can explore Lake Coleman State Park, offering opportunities for fishing, hiking, and camping.
The Benefits of FHA Down Payment Assistance Home Loan in Coleman, Texas
