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 Ivanhoe, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ivanhoe, TX provides a financial boost to eligible homebuyers in Ivanhoe, 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 Ivanhoe, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ivanhoe, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ivanhoe, 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 Ivanhoe, 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 Ivanhoe, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ivanhoe, 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 Ivanhoe, 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 Ivanhoe, 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 Ivanhoe, Texas offer prospective homebuyers the chance to achieve homeownership with a lower down payment, typically around 3.5%. This makes purchasing a home more affordable and accessible for individuals who may not have substantial savings for a traditional down payment. Demographics in Ivanhoe, Texas show a small, close-knit community with a population of approximately X residents. The majority of residents are families, and the overall vibe is one of a safe and friendly neighborhood. The town is known for its strong community spirit and pride in its rural heritage. The housing market in Ivanhoe, Texas is favorable for buyers. With the assistance of FHA loans, more individuals can qualify for mortgages, leading to an uptick in home purchases. Affordable housing options are available, ranging from cozy single-family homes to spacious ranch-style properties, catering to varying needs and preferences. Main attractions in Ivanhoe, Texas include the beautiful Ivanhoe Reservoir, popular for fishing and boating activities. The town also boasts scenic parks and trails, providing residents with ample opportunities for outdoor recreation and relaxation. Additionally, Ivanhoe's quaint downtown area features charming shops and local eateries, contributing to its unique appeal.
Benefits of FHA Down Payment Assistance Home Loan in Ivanhoe, Texas
