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 Fate, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Fate, TX provides a financial boost to eligible homebuyers in Fate, 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 Fate, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Fate, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Fate, 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 Fate, 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 Fate, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Fate, 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 Fate, 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 Fate, 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 in Fate, Texas offer several benefits. Firstly, these loans require a lower down payment, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans have competitive interest rates, helping borrowers save money over the life of the loan. Furthermore, FHA loans often have more lenient qualification requirements, making it easier for individuals with less than perfect credit to qualify. Fate, Texas, located in Rockwall County, has a population of around 12,000 residents. The city boasts a diverse demographic, with a mix of young families, professionals, and retirees. The median household income in Fate is above the national average, indicating a financially stable community that is conducive to homeownership. The housing market in Fate, Texas, is thriving. The city offers a range of housing options, from single-family homes to modern apartments. The real estate market is stable, with property values appreciating steadily over the years. Additionally, the availability of FHA down payment assistance programs makes it easier for residents to purchase their dream homes in Fate. Main attractions in Fate, Texas, include the picturesque Lake Ray Hubbard, which offers opportunities for fishing, boating, and other water activities. The city also features several parks, hiking trails, and recreational facilities, making it an ideal place for outdoor enthusiasts. Additionally, Fate is known for its vibrant community events, local shops, and restaurants, providing residents with a close-knit and welcoming environment.
Benefits of FHA Down Payment Assistance Home Loan in Fate, Texas
