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 Katy, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Katy, TX provides a financial boost to eligible homebuyers in Katy, 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 Katy, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Katy, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Katy, 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 Katy, 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 Katy, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Katy, 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 Katy, 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 Katy, 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 Loan in Katy, Texas offers numerous benefits to potential homebuyers. These loans provide a lower down payment option, typically around 3.5%, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often have lower credit score requirements, allowing those with less-than-perfect credit to qualify. Katy, Texas, is a vibrant and diverse community located in the greater Houston area. The city boasts a growing population with a mix of young families, professionals, and retirees. The median household income in Katy is above the national average, making it an attractive location for homeowners seeking stability and a high quality of life. The housing market in Katy, Texas, is thriving, with a range of properties available to suit various budgets and preferences. The city offers a mix of single-family homes, townhouses, and apartments, providing options for first-time buyers, growing families, and empty nesters. With the assistance of FHA loans, potential homebuyers can take advantage of competitive interest rates and flexible loan terms. Katy, Texas, is also known for its family-friendly atmosphere and plethora of attractions. Residents and visitors can enjoy outdoor activities at Katy Park, explore local shopping and dining options at LaCenterra at Cinco Ranch, or attend community events and festivals throughout the year.
FHA Down Payment Assistance Home Loan in Katy, Texas
