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 Lorena, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lorena, TX provides a financial boost to eligible homebuyers in Lorena, 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 Lorena, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lorena, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lorena, 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 Lorena, 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 Lorena, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lorena, 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 Lorena, 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 Lorena, 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 provide an excellent opportunity for residents of Lorena, Texas, to become homeowners with a lower upfront cost. These loans offer low down payment requirements, making homeownership more accessible to first-time buyers and those with limited savings. Additionally, FHA loans often come with competitive interest rates, further reducing the overall cost of homeownership. Demographics in Lorena, Texas, show a vibrant community with a mix of young families, professionals, and retirees. The town boasts a strong sense of community and a relatively low cost of living compared to nearby cities. With a growing population, Lorena offers a diverse and welcoming environment for residents of all ages and backgrounds. The housing market in Lorena, Texas, is experiencing steady growth, making it an attractive location for both homebuyers and real estate investors. The market offers a variety of housing options, from single-family homes to townhouses and condos. With a range of prices to suit different budgets, Lorena provides opportunities for individuals and families looking to settle down or invest in real estate. Some of the main attractions in Lorena include its beautiful parks, such as Lorena City Park, which offer recreational activities for residents of all ages. The town also has a rich history showcased in local museums and historical sites. Additionally, Lorena is renowned for its excellent schools, making it an ideal place for families with children.
Benefits of FHA Down Payment Assistance Home Loan in Lorena, Texas
