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 Floydada, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Floydada, TX provides a financial boost to eligible homebuyers in Floydada, 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 Floydada, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Floydada, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Floydada, 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 Floydada, 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 Floydada, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Floydada, 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 Floydada, 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 Floydada, 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 key benefits of an FHA Down Payment Assistance Home Loan in Floydada, Texas is the lower down payment requirement, making homeownership more accessible to a wider range of individuals. This type of loan also offers competitive interest rates and allows for lower credit scores compared to conventional loans. The demographics of Floydada, Texas, show a diverse population with a mix of age groups. The town has a strong community feel, with residents who take pride in their local history and traditions. The cost of living in Floydada is affordable, making it an attractive option for those looking to buy a home. In terms of the housing market, Floydada offers a range of housing options, from historic homes to modern developments. The market is relatively stable, with moderate appreciation rates, presenting opportunities for both buyers and sellers. The FHA Down Payment Assistance Home Loan can help first-time buyers enter this market with ease. When it comes to attractions, Floydada boasts beautiful parks, local eateries serving delicious Texas cuisine, and a vibrant farmers market. The town's rich agricultural heritage is celebrated through events and festivals, providing a unique and welcoming environment for residents and visitors alike.
Benefits of FHA Down Payment Assistance Home Loan in Floydada, Texas
