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 Olney, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Olney, TX provides a financial boost to eligible homebuyers in Olney, 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 Olney, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Olney, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Olney, 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 Olney, 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 Olney, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Olney, 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 Olney, 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 Olney, 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 Olney, Texas is the lower down payment requirement, making homeownership more accessible to individuals and families. Additionally, these loans often come with competitive interest rates, helping borrowers save money over the life of the loan. Demographically, Olney, Texas is a charming small town with a population of around 3,000 residents. The community is close-knit, offering a sense of belonging and security. The town has a mix of age groups, making it an ideal place for families, young professionals, and retirees alike. In terms of the housing market, Olney, Texas offers a range of options from historic homes to modern builds. The market is stable with affordable prices compared to larger cities, making it an attractive location for first-time homebuyers looking to invest in property. Main attractions in Olney include the Olney Golf Course, a popular spot for golf enthusiasts, as well as the Olney Heritage Museum, showcasing the town's rich history. The nearby Lake Cooper State Park provides opportunities for outdoor recreation, including camping, fishing, and hiking.
Benefits of FHA Down Payment Assistance Home Loan in Olney, Texas
