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 Groves, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Groves, TX provides a financial boost to eligible homebuyers in Groves, 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 Groves, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Groves, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Groves, 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 Groves, 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 Groves, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Groves, 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 Groves, 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 Groves, 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 An FHA down payment assistance home loan in Groves, Texas, offers a lower down payment requirement, typically only 3.5% of the home's purchase price. The loan is accessible to borrowers with lower credit scores, providing opportunities for more individuals and families to become homeowners. FHA loans often have competitive interest rates, helping borrowers save money over the life of the loan. Demographics Groves, Texas, has a population of approximately 16,000 residents, with a median age of 40. The city has a diverse community, with a mix of families, professionals, and retirees. Residents enjoy a suburban feel with access to parks, schools, and local businesses. Housing Market The housing market in Groves, Texas, offers a variety of housing options, including single-family homes, townhouses, and apartments. Home prices in Groves are relatively affordable compared to nearby cities, making it an attractive location for first-time homebuyers. The market is stable, with a good selection of properties available for sale or rent. Main Attractions Groves, Texas, is known for its family-friendly environment, with parks, playgrounds, and recreational facilities throughout the city. Outdoor enthusiasts can enjoy activities such as hiking, biking, and fishing at nearby parks and nature reserves. The city also boasts a variety of dining options, shopping centers, and community events for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Groves, Texas
