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 Midland, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Midland, TX provides a financial boost to eligible homebuyers in Midland, 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 Midland, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Midland, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Midland, 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 Midland, 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 Midland, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Midland, 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 Midland, 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 Midland, 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 offer several benefits to prospective homebuyers in Midland, Texas. One of the key advantages is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This makes homeownership more accessible to individuals who may not have substantial savings for a traditional down payment. Additionally, FHA loans typically have more flexible qualification criteria compared to conventional loans, making them a suitable option for first-time buyers or those with less-than-perfect credit scores. The fixed-rate nature of FHA loans provides stability in monthly payments, helping homeowners budget effectively in the long term. Moreover, FHA loans can be combined with down payment assistance programs offered by local or state agencies, further reducing the upfront costs associated with buying a home. This can help buyers in Midland, Texas, achieve their homeownership goals more efficiently.
The Benefits of FHA Down Payment Assistance Home Loan in Midland, Texas
