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 Newton, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Newton, TX provides a financial boost to eligible homebuyers in Newton, 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 Newton, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Newton, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Newton, 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 Newton, 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 Newton, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Newton, 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 Newton, 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 Newton, 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.
The FHA Down Payment Assistance Home Loan in Newton, Texas offers various benefits such as lower down payment requirements, competitive interest rates, and flexible credit score criteria. This loan program aims to make homeownership more accessible to individuals who may not qualify for traditional financing. Newton, Texas, is a charming town with a diverse demographic makeup. The population consists of a mix of young families, retirees, and professionals. The community is known for its welcoming atmosphere and strong sense of local pride. In terms of the housing market, Newton, Texas, offers a range of affordable housing options, from cozy single-family homes to spacious ranch-style properties. The market is stable, making it a great place for first-time buyers and investors looking to capitalize on the growth potential of the area. Main attractions in Newton include the Sam Rayburn House State Historic Site, offering a glimpse into the life of the former Speaker of the House, as well as the Newton County Historical Commission Museum, showcasing the rich history of the region. Outdoor enthusiasts can enjoy hiking and fishing at nearby Toledo Bend Reservoir.
FHA Down Payment Assistance Home Loan in Newton, Texas
