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 Fredericksburg, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Fredericksburg, TX provides a financial boost to eligible homebuyers in Fredericksburg, 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 Fredericksburg, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Fredericksburg, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Fredericksburg, 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 Fredericksburg, 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 Fredericksburg, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Fredericksburg, 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 Fredericksburg, 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 Fredericksburg, 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 Loan in Fredericksburg, Texas offers numerous benefits for first-time homebuyers and those with limited down payment capabilities. This type of loan allows for a lower upfront payment, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often come with competitive interest rates, helping borrowers save money over the life of the loan. Fredricksburg, Texas, a charming town situated in the heart of the Texas Hill Country, boasts a diverse demographic profile. With a population that includes young families, retirees, and individuals looking for a peaceful retreat, the community offers a welcoming and inclusive environment for residents from all walks of life. The housing market in Fredericksburg, Texas, is thriving, with a variety of real estate options to suit different preferences and budgets. From historic homes in the downtown area to modern developments on the outskirts of town, prospective buyers can find a property that meets their needs. The market's stability and steady growth make it an attractive location for investment and homeownership. While in Fredericksburg, visitors and residents alike can enjoy a range of attractions, including the iconic National Museum of the Pacific War, picturesque wineries along the Texas Wine Trail, and the vibrant shopping and dining scene in the historic downtown district. The town's rich cultural heritage and natural beauty make it a popular destination for tourists and a beloved home for its residents.
Benefits of FHA Down Payment Assistance Home Loan in Fredericksburg, Texas
