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 Monahans, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Monahans, TX provides a financial boost to eligible homebuyers in Monahans, 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 Monahans, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Monahans, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Monahans, 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 Monahans, 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 Monahans, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Monahans, 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 Monahans, 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 Monahans, 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.
One of the key benefits of utilizing an FHA Down Payment Assistance Home Loan in Monahans, Texas, is the opportunity it provides for individuals and families to become homeowners with a lower initial financial burden. This program offers assistance with the down payment, making home ownership more accessible. Demographically, Monahans, Texas, is a vibrant community with a mix of residents from different backgrounds. The population consists of a blend of young families, professionals, and retirees, creating a diverse and welcoming environment for all. The city's location and affordable living make it an attractive choice for individuals seeking a tight-knit community. In terms of the housing market, Monahans presents a range of options, from single-family homes to apartments, catering to various needs and preferences. The real estate market is stable, offering a mix of new developments and established properties. With the assistance of FHA loans, potential homeowners can explore these opportunities and find a residence that suits their lifestyle and budget. Monahans boasts several main attractions that appeal to residents and visitors alike. The city is known for its beautiful parks, outdoor recreational activities, and cultural events. The Monahans Sandhills State Park, Ward County Museum, and Million Barrel Museum are just a few examples of attractions that showcase the city's history and natural beauty, providing residents with ample opportunities for leisure and exploration.
Benefits of FHA Down Payment Assistance Home Loan in Monahans, Texas
