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 Lone Oak, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lone Oak, TX provides a financial boost to eligible homebuyers in Lone Oak, 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 Lone Oak, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lone Oak, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lone Oak, 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 Lone Oak, 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 Lone Oak, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lone Oak, 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 Lone Oak, 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 Lone Oak, 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 Lone Oak, Texas offers various benefits such as lower down payment requirements, competitive interest rates, and easier qualification criteria compared to conventional loans. This makes home ownership more accessible and affordable for first-time buyers and those with less-than-perfect credit scores. Lone Oak, Texas, a quaint town with a welcoming community, offers a diverse demographic mix. The population consists of families, young professionals, and retirees, creating a vibrant and inclusive atmosphere. The town provides excellent educational facilities, recreational areas, and a range of cultural activities for residents of all ages. The housing market in Lone Oak, Texas, is thriving, with a range of affordable properties available for buyers interested in FHA Down Payment Assistance Home Loans. The real estate market is stable, with steady appreciation rates and a variety of housing options, including single-family homes, townhouses, and condos, catering to different preferences and budgets. Some of the main attractions in Lone Oak, Texas, include scenic parks, historical sites, and local dining establishments. Residents can enjoy outdoor activities like hiking, camping, and fishing at nearby parks, or explore the town's rich history by visiting museums and heritage centers. Additionally, the town boasts a vibrant culinary scene with diverse restaurants offering delicious cuisine to satisfy every palate.
Benefits of FHA Down Payment Assistance Home Loan in Lone Oak, Texas
