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 Ferris, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ferris, TX provides a financial boost to eligible homebuyers in Ferris, 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 Ferris, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ferris, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ferris, 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 Ferris, 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 Ferris, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ferris, 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 Ferris, 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 Ferris, 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.
Benefits of FHA Down Payment Assistance Home Loan: FHA loans offer a lower down payment option, making homeownership more accessible. The assistance provided can help first-time homebuyers secure affordable housing in Ferris, Texas. Demographics: Ferris, Texas, is a diverse community with a population of approximately 2,500 residents. The town boasts a mix of cultures, with a median household income above the national average. Housing Market: The housing market in Ferris, Texas, is competitive but offers affordable options for homebuyers. With the assistance of FHA loans, individuals can capitalize on the favorable market conditions and secure their dream home. Main Attractions: Ferris, Texas, is known for its charming downtown area, lined with shops and restaurants. The nearby parks and recreation facilities provide residents with ample opportunities for outdoor activities, making it an ideal place to call home.
FHA Down Payment Assistance Home Loan Benefits in Ferris, Texas
