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 Friona, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Friona, TX provides a financial boost to eligible homebuyers in Friona, 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 Friona, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Friona, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Friona, 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 Friona, 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 Friona, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Friona, 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 Friona, 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 Friona, 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 offer several benefits to homebuyers in Friona, Texas. These loans provide a lower down payment requirement, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans typically have lower credit score requirements, allowing more people to qualify for a mortgage. Demographics: Friona, Texas, is a charming small town with a diverse population. The community is known for its strong agricultural roots, with a mix of families, young professionals, and retirees residing in the area. The town has a welcoming and tight-knit atmosphere that makes it an ideal place to call home. Housing Market: The housing market in Friona offers a variety of options ranging from cozy single-family homes to spacious ranch-style properties. With the assistance of FHA loans, potential buyers can find affordable housing options that suit their needs and budget. The market is stable, providing a secure investment opportunity for those looking to settle in the area. Main Attractions: Friona boasts several attractions for residents and visitors alike. The town is known for its annual Cheeseburger Festival, celebrating its unique claim to fame as the "Cheeseburger Capital of Texas." Additionally, outdoor enthusiasts can enjoy the nearby Caprock Canyons State Park, offering hiking, camping, and stunning vistas of the Texas landscape.
Benefits of FHA Down Payment Assistance Home Loan
