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 Merkel, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Merkel, TX provides a financial boost to eligible homebuyers in Merkel, 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 Merkel, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Merkel, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Merkel, 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 Merkel, 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 Merkel, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Merkel, 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 Merkel, 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 Merkel, 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 Merkel, Texas offer lower down payment requirements, making homeownership more accessible for first-time buyers and those with less than perfect credit. Demographics in Merkel, Texas show a population of around 3,000 residents with a median household income above the national average. The town boasts a tight-knit community feel and a range of local amenities. The housing market in Merkel is stable, with a variety of affordable housing options available. The median home price is below the state average, making it an attractive location for those looking to purchase their first home. Main attractions in Merkel include the West City Park, known for its outdoor recreational facilities, and the historic Merkel Museum, providing a glimpse into the town's past and culture.
Benefits of FHA Down Payment Assistance Home Loan in Merkel, Texas
