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 Lubbock, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lubbock, TX provides a financial boost to eligible homebuyers in Lubbock, 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 Lubbock, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lubbock, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lubbock, 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 Lubbock, 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 Lubbock, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lubbock, 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 Lubbock, 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 Lubbock, 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 an FHA Down Payment Assistance Home Loan in Lubbock, Texas is the ability to purchase a home with a lower down payment. This helps make homeownership more accessible to individuals and families who may not have a large amount of savings for a traditional down payment. Additionally, FHA loans often have lower credit score requirements compared to conventional loans, making it easier for individuals with less than perfect credit to qualify for a home loan. This can be particularly beneficial for first-time homebuyers or those who have faced financial challenges in the past. Another advantage of an FHA loan is that they offer competitive interest rates, helping borrowers save money over the life of the loan. With the added assistance for the down payment, borrowers can achieve homeownership with more favorable terms compared to other types of loans.
Benefits of FHA Down Payment Assistance Home Loan in Lubbock, Texas
