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 Milam, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Milam, TX provides a financial boost to eligible homebuyers in Milam, 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 Milam, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Milam, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Milam, 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 Milam, 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 Milam, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Milam, 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 Milam, 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 Milam, 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 Milam, Texas offers first-time homebuyers a chance to own a home with a lower down payment requirement. This program aims to make homeownership more accessible to individuals with limited savings, making it easier to achieve the American dream of owning a home. Milam, Texas, is a diverse community with a mix of rural and suburban areas. The demographics here show a blend of ages, ethnicities, and backgrounds, creating a vibrant and welcoming community. With a growing population, the demand for housing is on the rise, making it an attractive location for homebuyers. The housing market in Milam, Texas, offers a range of options from affordable starter homes to spacious family residences. The FHA Down Payment Assistance Home Loan can help potential buyers navigate this market and find a home that meets their needs and budget. With competitive interest rates and flexible terms, this program provides a valuable opportunity for aspiring homeowners. When not searching for the perfect home, residents and visitors in Milam can explore a variety of attractions. From scenic outdoor spaces like Milam Park to cultural sites such as the Milam County Historical Museum, there is something for everyone to enjoy in this charming Texas town.
Benefits of FHA Down Payment Assistance Home Loan in Milam, Texas
