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 Lozano, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lozano, TX provides a financial boost to eligible homebuyers in Lozano, 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 Lozano, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lozano, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lozano, 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 Lozano, 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 Lozano, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lozano, 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 Lozano, 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 Lozano, 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.
One of the main benefits of FHA Down Payment Assistance Home Loan in Lozano, Texas is the lower down payment requirement, which can make homeownership more affordable. This program also allows borrowers to qualify with lower credit scores compared to conventional loans, making it accessible to more people. Furthermore, FHA loans offer competitive interest rates and the option to include the closing costs in the loan amount. This can significantly reduce the upfront expenses associated with buying a home, making it an attractive option for first-time homebuyers. Another advantage is that FHA loans are assumable, which means that if you sell your home, the buyer can take over your existing FHA loan. This can be a selling point and increase the marketability of your property. Demographics Lozano, Texas, is a small community with a diverse population. The majority of residents are Hispanic, followed by White and African American populations. The median household income in Lozano is slightly below the national average, making down payment assistance programs crucial for many residents looking to buy a home. Housing Market The housing market in Lozano, Texas, offers a mix of single-family homes and apartments. The average home price is affordable compared to neighboring areas, making it an attractive location for first-time homebuyers. With the assistance of FHA loans, more residents can achieve their dream of homeownership. Main Attractions Despite its small size, Lozano, Texas, boasts several attractions, including a picturesque park with walking trails and playgrounds for families to enjoy. Additionally, the town is located near major highways, providing easy access to neighboring cities and recreational areas for outdoor activities.
Benefits of FHA Down Payment Assistance Home Loan in Lozano, Texas
