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 College Station, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in College Station, TX provides a financial boost to eligible homebuyers in College Station, 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 College Station, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in College Station, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in College Station, 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 College Station, 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 College Station, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in College Station, 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 College Station, 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 College Station, 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 several benefits for homebuyers in College Station. These loans require a lower down payment, typically around 3.5% of the home's purchase price, making homeownership more accessible for individuals with limited savings. Furthermore, FHA loans have more lenient credit score requirements compared to conventional loans, allowing individuals with less-than-perfect credit to qualify for financing. Additionally, FHA loans often have lower interest rates, reducing overall borrowing costs over the life of the loan. Demographically, College Station, Texas, is a vibrant community with a diverse population. The city is home to Texas A&M University, which influences the local culture and economy. With a mix of students, young professionals, and families, College Station offers a welcoming and inclusive environment for residents of all backgrounds. In terms of the housing market, College Station has experienced steady growth in recent years. The city's real estate market offers a range of housing options, from single-family homes to apartments and townhouses. Home values have appreciated, making College Station an attractive location for both homebuyers and investors. Main attractions in College Station include the George Bush Presidential Library and Museum, offering a glimpse into the life and legacy of the 41st President of the United States. The city also boasts beautiful parks, excellent dining options, and a lively arts and cultural scene, providing residents with a high quality of life.
The Benefits of FHA Down Payment Assistance Home Loan in College Station, Texas
