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 Summerfield, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in New Summerfield, TX provides a financial boost to eligible homebuyers in New Summerfield, 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 Summerfield, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in New Summerfield, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in New Summerfield, 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 Summerfield, 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 Summerfield, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in New Summerfield, 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 Summerfield, 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 Summerfield, 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 main benefits of an FHA down payment assistance home loan in New Summerfield, Texas, is that it allows first-time homebuyers and those with limited savings to buy a home with a lower down payment requirement. Moreover, these loans offer competitive interest rates and flexible credit requirements, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans provide options for assistance with closing costs, further reducing the upfront expenses associated with buying a home. Demographics New Summerfield, Texas, is a small rural town with a population of approximately 1000 residents. The community is diverse, with a mix of age groups, including families, young professionals, and retirees. Housing Market The housing market in New Summerfield offers an array of options, from single-family homes to spacious rural properties. The median home price is affordable, making it an attractive location for first-time buyers and those looking to invest in real estate. Main Attractions Some of the main attractions in New Summerfield include its beautiful parks, local eateries, and community events. Residents enjoy a peaceful and close-knit environment, with easy access to outdoor recreational activities.
Benefits of FHA Down Payment Assistance Home Loan
