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 Forney, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Forney, TX provides a financial boost to eligible homebuyers in Forney, 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 Forney, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Forney, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Forney, 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 Forney, 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 Forney, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Forney, 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 Forney, 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 Forney, 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 Forney, Texas is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This makes homeownership more accessible to individuals who may not have substantial savings. Additionally, these loans often have more lenient credit score requirements compared to traditional mortgages, making them a viable option for first-time homebuyers or those with less-than-perfect credit histories. The FHA also offers competitive interest rates, potentially saving borrowers money over the life of the loan. Another advantage is the opportunity to finance the closing costs into the loan amount, reducing the upfront cash needed to purchase a home. This can help buyers manage their expenses more effectively and achieve homeownership sooner. Demographics of Forney, Texas Forney, Texas, located within the Dallas-Fort Worth metroplex, has experienced significant population growth in recent years, attracting families and young professionals looking for a suburban lifestyle with easy access to urban amenities. Housing Market in Forney, Texas The housing market in Forney is characterized by a mix of new construction and established neighborhoods, offering a range of housing options from single-family homes to townhouses and apartments. The market has remained competitive, with prices steadily appreciating over time. Main Attractions in Forney, Texas Forney boasts a charming historic downtown area, complete with boutique shops, local eateries, and community events. Outdoor enthusiasts can enjoy the city's numerous parks and recreational facilities, including the picturesque Spellman Museum of Forney History.
Benefits of FHA Down Payment Assistance Home Loan in Forney, Texas
