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 New Baden, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in New Baden, TX provides a financial boost to eligible homebuyers in New Baden, 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 New Baden, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in New Baden, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in New Baden, 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 New Baden, 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 New Baden, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in New Baden, 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 New Baden, 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 New Baden, 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 opting for an FHA Down Payment Assistance Home Loan in New Baden, Texas is the lower down payment requirement. This can make home ownership more accessible to individuals who may not have a large amount of savings for a traditional down payment. Another advantage is that these loans often have more flexible credit requirements compared to conventional loans. This can be beneficial for first-time homebuyers or those with less-than-perfect credit scores. Additionally, FHA loans typically have competitive interest rates, making them an attractive option for borrowers looking to finance their home purchase in New Baden, Texas. Demographics New Baden, Texas has a population of approximately X, with a median household income of $Y. The town has a diverse community with a mix of families, retirees, and young professionals. Housing Market The housing market in New Baden, Texas is currently experiencing steady growth, with a range of housing options available to suit different budgets and preferences. The median home price in the area is $Z, making it an affordable option for many homebuyers. Main Attractions New Baden, Texas boasts a charming downtown area with local shops and restaurants. The town is also known for its beautiful parks and outdoor recreational opportunities, making it an ideal place for nature lovers and outdoor enthusiasts.
Benefits of FHA Down Payment Assistance Home Loan in New Baden, Texas
