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 Galveston, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Galveston, TX provides a financial boost to eligible homebuyers in Galveston, 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 Galveston, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Galveston, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Galveston, 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 Galveston, 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 Galveston, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Galveston, 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 Galveston, 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 Galveston, 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.
Benefits: The FHA Down Payment Assistance program in Galveston, Texas offers eligible homebuyers the opportunity to secure a home loan with a lower down payment requirement, making home ownership more accessible. This program also provides competitive interest rates and can be combined with other financial assistance programs to further reduce the upfront costs of buying a home. Demographics: Galveston, Texas, is a diverse community with a population of approximately 50,000 residents. The city's demographics include a mix of age groups, ethnicities, and socio-economic backgrounds, creating a vibrant and welcoming atmosphere for new residents. Housing Market: The housing market in Galveston, Texas, offers a variety of options for homebuyers, from historic seaside cottages to modern condominiums. With steady appreciation rates and a range of prices to suit different budgets, the market provides opportunities for first-time buyers and investors alike. Main Attractions: Galveston boasts a rich history, stunning beaches, and a lively entertainment scene. Visitors and residents alike can enjoy attractions such as the historic Pleasure Pier, Moody Gardens, and the annual Galveston Island Food & Wine Festival.
FHA Down Payment Assistance Home Loan in Galveston, Texas
