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 Mount Vernon, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Mount Vernon, TX provides a financial boost to eligible homebuyers in Mount Vernon, 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 Mount Vernon, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Mount Vernon, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, 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.
Benefits of FHA Down Payment Assistance: FHA loans offer low down payment options, making homeownership more accessible. Down payment assistance programs can help cover upfront costs for qualified buyers. FHA loans often have lower credit score requirements compared to conventional loans. Demographics: Mount Vernon, Texas, has a population of around 2,800 residents. The town has a diverse community with a mix of families, retirees, and young professionals. Mount Vernon has a strong sense of community and a friendly small-town atmosphere. Housing Market: The housing market in Mount Vernon offers a mix of historic homes and modern properties. Home prices in Mount Vernon are relatively affordable compared to nearby cities. With the assistance of FHA loans, first-time buyers can find affordable housing options. Main Attractions: Mount Vernon is known for its scenic beauty, including nearby Lake Cypress Springs. The town hosts annual events like the Mount Vernon Wine Festival and the CountryFest. Outdoor enthusiasts enjoy hiking, fishing, and boating opportunities in the area.
FHA Down Payment Assistance Home Loan in Mount Vernon, Texas
