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 Grand Prairie, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Grand Prairie, TX provides a financial boost to eligible homebuyers in Grand Prairie, 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 Grand Prairie, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Grand Prairie, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, 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.
1. **Benefits:** FHA Down Payment Assistance Home Loans in Grand Prairie, Texas offer eligible homebuyers the opportunity to purchase a home with a lower down payment requirement, making homeownership more accessible. These loans also typically have competitive interest rates and flexible qualification criteria, making them a popular choice for first-time buyers or those with limited funds for a down payment. 2. **Demographics:** Grand Prairie, Texas is a vibrant city located in the Dallas-Fort Worth metroplex. With a diverse population of over 193,837 residents, the city offers a blend of cultures and traditions. The median age in Grand Prairie is 32.7 years, reflecting a mix of young families and professionals residing in the area. 3. **Housing Market:** The housing market in Grand Prairie is robust, with a range of housing options available to suit different budgets and preferences. The median home value in Grand Prairie is $230,100, making it an attractive location for homebuyers looking for affordable housing options in a thriving community. 4. **Main Attractions:** Grand Prairie boasts a variety of attractions, including the popular Lone Star Park for horse racing enthusiasts, the epicenter of entertainment at Epic Waters Indoor Waterpark, and the picturesque and serene Joe Pool Lake for outdoor activities and relaxation.
The Benefits of FHA Down Payment Assistance Home Loan in Grand Prairie, Texas
