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 Eddy, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Eddy, TX provides a financial boost to eligible homebuyers in Eddy, 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 Eddy, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Eddy, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Eddy, 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 Eddy, 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 Eddy, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Eddy, 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 Eddy, 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 Eddy, 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 main benefits of an FHA down payment assistance home loan in Eddy, Texas is the ability to purchase a home with a lower down payment requirement. This loan program allows eligible buyers to put down as little as 3.5% of the purchase price, making homeownership more accessible. Furthermore, FHA loans offer competitive interest rates and are more lenient when it comes to credit score requirements, making it easier for first-time homebuyers or those with less-than-perfect credit to qualify for a loan. Demographically, Eddy, Texas is a small town with a close-knit community. The population is diverse, with a mix of ages and backgrounds, creating a welcoming and inclusive environment for residents. In terms of the housing market, Eddy offers a range of options from historic homes to newer developments. The market is stable, with moderate home prices compared to other areas in Texas, making it an attractive location for those looking to buy a home. Some of the main attractions in Eddy include the scenic parks and outdoor recreational activities, such as hiking and fishing. Additionally, the town has a rich history, with local museums and cultural events that showcase the area's heritage.
FHA Down Payment Assistance Home Loan Benefits in Eddy, Texas
