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 Little Elm, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Little Elm, TX provides a financial boost to eligible homebuyers in Little Elm, 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 Little Elm, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Little Elm, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Little Elm, 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 Little Elm, 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 Little Elm, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Little Elm, 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 Little Elm, 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 Little Elm, 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 offer lower down payment requirements, making homeownership more accessible to individuals and families in Little Elm, Texas. This program can help buyers qualify for a mortgage with a down payment as low as 3.5%, ideal for first-time homebuyers or those with limited funds for a down payment. Demographics in Little Elm, Texas, show a growing population with a mix of young families and professionals. The median age is 33, and the median household income is $104,914. The city has a diverse community with various cultural backgrounds, creating a vibrant and inclusive atmosphere. The housing market in Little Elm, Texas, is thriving, with a range of affordable and upscale properties available. The median home value is $324,400, with a steady appreciation rate. The market offers a mix of single-family homes, townhouses, and apartments, catering to different preferences and lifestyles. Little Elm, Texas, boasts several main attractions, including the beautiful Lewisville Lake for outdoor recreation, the Little Elm Park for family-friendly activities, and diverse dining options in The Village at Castle Hills. The city's proximity to Dallas adds to its appeal by providing easy access to urban amenities.
Benefits of FHA Down Payment Assistance Home Loan in Little Elm, Texas
