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 Medina, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Medina, TX provides a financial boost to eligible homebuyers in Medina, 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 Medina, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Medina, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Medina, 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 Medina, 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 Medina, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Medina, 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 Medina, 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 Medina, 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 offers numerous benefits to potential homebuyers in Medina, Texas. This program allows buyers to secure a mortgage with a lower down payment requirement compared to conventional loans, making homeownership more accessible. Demographically, Medina, Texas, is a charming rural town with a population that values community spirit and a relaxed lifestyle. Residents typically enjoy the small-town feel, low crime rates, and a strong sense of belonging, making it an ideal place for families and retirees looking for a peaceful environment. In terms of the housing market, Medina offers a diverse range of affordable housing options, including single-family homes, ranch properties, and cozy cottages. The market is stable, with moderate appreciation rates, making it a sound investment for both first-time buyers and seasoned investors. Some main attractions in Medina include the beautiful Hill Country scenery, hiking trails in the Bandera Natural History Museum, and the vibrant local arts scene. Additionally, residents can enjoy outdoor activities like fishing and camping along the Medina River, providing a perfect blend of nature and recreation.
Benefits of FHA Down Payment Assistance Home Loan in Medina, Texas
