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 Nome, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Nome, TX provides a financial boost to eligible homebuyers in Nome, 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 Nome, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Nome, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Nome, 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 Nome, 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 Nome, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Nome, 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 Nome, 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 Nome, 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 primary benefits of an FHA Down Payment Assistance Home Loan in Nome, Texas is the lower down payment requirement, which can make homeownership more accessible to first-time buyers and those with limited funds for a down payment. Another advantage is the favorable interest rates offered by FHA loans, which can result in lower monthly mortgage payments compared to conventional loans, saving borrowers money over the life of the loan. Additionally, FHA loans have less stringent credit score requirements, making it easier for individuals with less-than-perfect credit to qualify for a mortgage and achieve their dream of owning a home in Nome, Texas. Demographics: Nome, Texas has a diverse population with a mix of age groups, ethnicities, and income levels. The community is known for its welcoming atmosphere and strong sense of community, making it an ideal place for families, young professionals, and retirees. Housing Market: The housing market in Nome, Texas is currently experiencing steady growth, with a range of housing options available to suit various budgets and preferences. The median home price is competitive, offering prospective buyers good value for their investment. Main Attractions: Nome, Texas boasts a range of attractions, including beautiful parks, local restaurants, and historical sites. Outdoor enthusiasts can enjoy hiking and biking trails, while history buffs can explore the town's rich heritage and landmarks.
Benefits of FHA Down Payment Assistance Home Loan in Nome, Texas
