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 Star, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lone Star, TX provides a financial boost to eligible homebuyers in Lone Star, 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 Star, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lone Star, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lone Star, 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 Star, 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 Star, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lone Star, 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 Star, 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 Star, 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 Lone Star, Texas offer numerous benefits to potential homeowners. One of the key advantages is the lower down payment requirement, making home ownership more accessible to individuals who may not have a large sum saved up for a down payment. Moreover, these loans often come with competitive interest rates, helping borrowers save money over the life of the loan. Additionally, FHA loans are insured by the Federal Housing Administration, which can provide additional protection to both lenders and borrowers. Demographically, Lone Star, Texas has a diverse population with a mix of families, young professionals, and retirees. The city boasts a strong sense of community and offers a range of amenities such as parks, schools, and shopping centers. In terms of the housing market, Lone Star has seen steady growth in property values in recent years, making it an attractive location for both homebuyers and investors. The market offers a variety of housing options, from single-family homes to condos and townhouses. Main attractions in Lone Star include the picturesque parks and outdoor recreational areas, as well as cultural attractions such as museums and art galleries. The city also hosts events and festivals throughout the year, providing entertainment for residents of all ages.
Benefits of FHA Down Payment Assistance Home Loan in Lone Star, Texas
