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 Hico, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Hico, TX provides a financial boost to eligible homebuyers in Hico, 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 Hico, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Hico, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Hico, 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 Hico, 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 Hico, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Hico, 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 Hico, 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 Hico, 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 in Hico, Texas, offer various advantages to potential homebuyers. One of the main benefits is the lower down payment requirement, making homeownership more accessible to individuals with limited funds for a down payment. These loans also come with competitive interest rates and flexible qualification criteria, making them an attractive option for first-time homebuyers and those with less-than-perfect credit scores. Additionally, FHA loans allow for higher debt-to-income ratios, providing more flexibility in qualifying for a loan. On the demographics front, Hico, Texas, is a charming rural town with a population that values community and small-town living. The area boasts a mix of residents of various ages, creating a diverse and welcoming atmosphere for newcomers. When it comes to the housing market, Hico offers a range of housing options, from historic homes to new developments. The market is relatively stable, with steady appreciation rates, making it an appealing location for potential homebuyers looking for long-term investment opportunities. In addition to its housing benefits, Hico is also known for its main attractions such as the Billy the Kid Museum, offering a glimpse into the town's Wild West past, and the charming downtown area with unique shops and local eateries, providing residents with a vibrant community to call home.
Benefits of FHA Down Payment Assistance Home Loan in Hico, Texas
