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 Mercedes, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Mercedes, TX provides a financial boost to eligible homebuyers in Mercedes, 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 Mercedes, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Mercedes, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Mercedes, 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 Mercedes, 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 Mercedes, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Mercedes, 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 Mercedes, 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 Mercedes, 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 Loans in Mercedes, Texas offer numerous benefits, including lower down payment requirements, flexibility in credit score, and competitive interest rates. This program can make homeownership more accessible to a wider range of individuals and families. Mercedes, Texas, has a diverse population with a strong Hispanic influence. The city boasts a rich cultural heritage and a tight-knit community. The demographics of Mercedes create a welcoming and inclusive environment for residents and visitors alike. The housing market in Mercedes, Texas, is showing signs of growth and stability. The median home price is relatively affordable compared to neighboring cities, making it an attractive option for first-time homebuyers. With the assistance of FHA Down Payment Assistance Home Loans, purchasing a home in Mercedes has become even more achievable. Some of the main attractions in Mercedes, Texas, include the Rio Grande Valley Premium Outlets, where residents and visitors can enjoy shopping at discounted prices. Additionally, the city is known for its vibrant local cuisine, especially authentic Mexican food. The warm climate and proximity to outdoor activities also make Mercedes a desirable place to live.
Benefits of FHA Down Payment Assistance Home Loan in Mercedes, Texas
