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 Iredell, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Iredell, TX provides a financial boost to eligible homebuyers in Iredell, 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 Iredell, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Iredell, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Iredell, 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 Iredell, 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 Iredell, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Iredell, 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 Iredell, 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 Iredell, 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 1. Lower Down Payment: FHA loans offer a lower down payment option, making home ownership more accessible. 2. Assistance Programs: FHA loans provide various down payment assistance programs for eligible buyers. 3. Flexible Qualifications: FHA loans have more flexible credit score requirements and debt-to-income ratios. Demographics Iredell, Texas, is a small rural town with a population of approximately 350 residents. The town has a diverse demographic makeup, with a mix of families, retirees, and young professionals. Housing Market The housing market in Iredell offers a range of options, from historic homes to new developments. Prices vary, with the median home value being below the state average, making it an attractive option for first-time buyers. Main Attractions Iredell is known for its picturesque countryside, perfect for outdoor activities like hiking and fishing. The town is also home to charming local shops, cafes, and a strong sense of community.
FHA Down Payment Assistance Home Loan in Iredell, Texas