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 Frankston, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Frankston, TX provides a financial boost to eligible homebuyers in Frankston, 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 Frankston, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Frankston, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Frankston, 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 Frankston, 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 Frankston, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Frankston, 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 Frankston, 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 Frankston, 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 Frankston, Texas offer numerous advantages. These loans allow individuals with lower credit scores to qualify for homeownership, providing them with an opportunity to build equity and stabilize their housing costs. Additionally, FHA loans require a lower down payment compared to conventional loans, making it easier for first-time homebuyers to enter the housing market. The down payment assistance further aids in reducing the financial burden on buyers, making homeownership more feasible for many. Moreover, FHA loans often have lower interest rates and more flexible qualification requirements, which can result in significant cost savings over the life of the loan, benefiting borrowers in the long run. Frankston, Texas, is a picturesque small town with a population of approximately 1,200 residents. The town boasts a close-knit community, with a median household income slightly below the state average. The housing market in Frankston offers a mix of charming historic homes and newer developments. With the assistance of FHA loans, potential homebuyers can take advantage of the affordable housing options and the assistance programs available, making homeownership a reality for many. Some main attractions in Frankston include the scenic Lake Palestine, ideal for outdoor activities such as fishing and boating. The town also features local parks, shopping districts, and annual community events that foster a strong sense of community and belonging among residents and visitors.
Benefits of FHA Down Payment Assistance Home Loan in Frankston, Texas
Benefits of FHA Down Payment Assistance Home Loan
