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 Gatesville, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Gatesville, TX provides a financial boost to eligible homebuyers in Gatesville, 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 Gatesville, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Gatesville, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Gatesville, 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 Gatesville, 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 Gatesville, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Gatesville, 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 Gatesville, 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 Gatesville, 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: FHA Down Payment Assistance programs offer benefits like lower down payment requirements, competitive interest rates, and the ability to qualify with lower credit scores. This can make homeownership more achievable for first-time buyers and low to moderate-income families in Gatesville, Texas. Demographics: Gatesville has a population of around 12,000 residents with a median household income of $44,000. The city boasts a diverse community, including families, young professionals, and retirees, creating a vibrant local culture. Housing Market: The housing market in Gatesville offers a mix of historic homes and modern properties. Median home prices range around $150,000, making it an affordable option for homebuyers. The market is stable, with a growing demand for housing and various options for FHA Down Payment Assistance programs. Main Attractions: Gatesville is known for its outdoor recreational opportunities, including hiking at Mother Neff State Park, exploring the historic Coryell Museum and Historical Center, and visiting the famous Last Drive-In Picture Show. The city's rich history and natural beauty make it an attractive place to call home.
FHA Down Payment Assistance Home Loan in Gatesville, Texas
