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 Collinsville, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Collinsville, TX provides a financial boost to eligible homebuyers in Collinsville, 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 Collinsville, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Collinsville, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Collinsville, 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 Collinsville, 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 Collinsville, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Collinsville, 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 Collinsville, 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 Collinsville, 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 Collinsville, Texas, offers numerous benefits to prospective homeowners. One of the primary advantages is the lower down payment requirement, making it more accessible for individuals with limited savings to purchase a home. This program also provides competitive interest rates and flexible qualification criteria, making homeownership achievable for many who may not qualify for traditional loans. Collinsville, Texas, is a charming rural town with a tight-knit community and a median household income of around $60,000. The population is approximately 1,600 residents, with a mix of families and retirees. The town boasts a low crime rate and excellent schools, making it an attractive location for individuals looking for a safe and family-friendly environment. The housing market in Collinsville is stable, with a median home value of $150,000. The market offers a variety of housing options, from quaint historic homes to modern new constructions. With the assistance of FHA loans, first-time homebuyers can find affordable housing options in Collinsville, helping to boost homeownership rates in the area. Collinsville, Texas, is known for its rich history, beautiful parks, and vibrant community events. Visitors and residents can enjoy exploring the historic downtown area, attending local festivals, and taking in the natural beauty of the surrounding countryside. With its small-town charm and welcoming atmosphere, Collinsville offers a unique and desirable place to call home.
FHA Down Payment Assistance Home Loan in Collinsville, Texas
