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 Braunfels, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in New Braunfels, TX provides a financial boost to eligible homebuyers in New Braunfels, 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 Braunfels, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in New Braunfels, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in New Braunfels, 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 Braunfels, 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 Braunfels, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in New Braunfels, 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 Braunfels, 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 Braunfels, 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 New Braunfels, Texas offers several advantages. It allows eligible buyers to secure a home with a lower down payment requirement compared to conventional loans, making homeownership more accessible. Additionally, FHA loans often have lower credit score requirements, offering more flexibility for buyers with less than perfect credit. Demographically, New Braunfels, Texas boasts a diverse population with a mix of young professionals, families, and retirees. The city's population has been steadily growing due to its strong job market and affordable cost of living, making it an attractive location for individuals looking to settle down or invest in real estate. In terms of the housing market, New Braunfels offers a variety of options ranging from historic homes in the downtown area to newer developments in the outskirts. The market is currently competitive, with a steady demand for housing driving prices up. However, the FHA Down Payment Assistance program can help buyers navigate the market and achieve their homeownership goals. Main attractions in New Braunfels include the iconic Schlitterbahn Waterpark, Gruene Historic District with its charming shops and restaurants, and the scenic Comal River perfect for tubing and outdoor activities. The city's rich history, vibrant culture, and proximity to San Antonio and Austin make it an ideal place to call home.
Benefits of FHA Down Payment Assistance Home Loan
