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 Diboll, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Diboll, TX provides a financial boost to eligible homebuyers in Diboll, 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 Diboll, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Diboll, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Diboll, 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 Diboll, 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 Diboll, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Diboll, 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 Diboll, 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 Diboll, 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.
One of the primary benefits of an FHA down payment assistance home loan in Diboll, Texas, is that it allows borrowers to purchase a home with a lower down payment requirement compared to conventional loans. This makes homeownership more accessible to individuals who may not have a large sum of money saved up for a down payment. Another advantage is that FHA loans offer competitive interest rates, making them an affordable option for first-time homebuyers and those with less-than-perfect credit scores. The government-backed nature of these loans also provides lenders with more confidence, resulting in easier qualification standards for borrowers. Furthermore, FHA loans allow for higher debt-to-income ratios, enabling borrowers to qualify for larger loan amounts while still meeting their financial obligations. This can be particularly beneficial in areas like Diboll, Texas, where housing prices may be on the rise.
Benefits of FHA Down Payment Assistance Home Loan in Diboll, Texas
