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 Mclean, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Mclean, TX provides a financial boost to eligible homebuyers in Mclean, 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 Mclean, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Mclean, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Mclean, 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 Mclean, 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 Mclean, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Mclean, 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 Mclean, 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 Mclean, 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 Loan in Mclean, Texas provides numerous benefits for prospective homebuyers. This type of loan requires a lower down payment compared to conventional loans, making homeownership more accessible. The FHA loan also offers competitive interest rates and flexible credit requirements, ideal for first-time homebuyers or those with less-than-perfect credit. Mclean, Texas, boasts a diverse population with a mix of young professionals, families, and retirees. The town's charming community spirit and local amenities make it an attractive place to live. The cost of living is reasonable, and the town offers excellent schools, parks, and recreational facilities for residents of all ages. The housing market in Mclean, Texas, is stable and offers a range of housing options to suit various budgets and preferences. From historic homes with character to modern developments, homebuyers can find their perfect property in this thriving real estate market. With the assistance of FHA loans, purchasing a home in Mclean is more achievable for many buyers. Mclean, Texas, is home to various attractions that appeal to both residents and visitors. The town's rich history is reflected in its museums and cultural landmarks. Outdoor enthusiasts can enjoy the nearby parks and recreational areas, while foodies can explore the local dining scene. Mclean offers a vibrant and welcoming community for all.
FHA Down Payment Assistance Home Loan in Mclean, Texas
