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 London, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in New London, TX provides a financial boost to eligible homebuyers in New London, 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 London, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in New London, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in New London, 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 London, 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 London, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in New London, 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 London, 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 London, 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 an FHA Down Payment Assistance Home Loan in New London, Texas is the opportunity it provides for first-time homebuyers to purchase a home with a lower down payment. This can make homeownership more accessible to those who may not have the means to afford a large down payment upfront. Furthermore, FHA loans often come with competitive interest rates, making them an attractive option for borrowers looking to finance their home purchase. Borrowers also benefit from the lenient credit score requirements associated with FHA loans, which can be beneficial for those with less than perfect credit histories. New London, Texas, boasts a diverse demographic landscape, with a mix of young professionals, families, and retirees calling the area home. The community is known for its strong sense of unity and pride, making it a welcoming place for individuals of all backgrounds. In terms of the housing market, New London offers a variety of housing options, from quaint single-family homes to modern condominiums. The market is relatively stable, with moderate increases in property values over the years, making it an attractive location for both buyers and investors. Main attractions in New London include the historic downtown area, which is lined with charming shops and restaurants, as well as the beautiful parks and recreational facilities that offer opportunities for outdoor activities and relaxation for residents and visitors alike.
FHA Down Payment Assistance Home Loan Benefits in New London, Texas
