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 Mansfield, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Mansfield, TX provides a financial boost to eligible homebuyers in Mansfield, 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 Mansfield, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Mansfield, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Mansfield, 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 Mansfield, 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 Mansfield, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Mansfield, 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 Mansfield, 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 Mansfield, 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 loans provide eligible buyers with access to affordable financing options, allowing them to purchase a home with a lower down payment requirement, often as low as 3.5%. This helps make homeownership more accessible to a wider range of individuals and families. These loans also offer competitive interest rates and flexible credit requirements, making it easier for first-time homebuyers or those with less-than-perfect credit to qualify for a mortgage. Additionally, FHA loans include built-in mortgage insurance, protecting lenders in case the borrower defaults. By opting for an FHA down payment assistance loan in Mansfield, Texas, buyers can take advantage of the city's diverse and growing population. Mansfield boasts a mix of young professionals, families, and retirees, creating a vibrant community with various amenities and services catering to different demographics.
Benefits of FHA Down Payment Assistance Home Loan in Mansfield, Texas
