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 Paducah, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Paducah, TX provides a financial boost to eligible homebuyers in Paducah, 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 Paducah, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Paducah, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Paducah, 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 Paducah, 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 Paducah, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Paducah, 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 Paducah, 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 Paducah, 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.
FHA Down Payment Assistance Home Loans in Paducah, Texas offer several benefits for first-time homebuyers. These loans require a lower down payment, making homeownership more accessible. Additionally, the FHA backing provides competitive interest rates and flexible credit requirements, allowing more individuals to qualify for home loans. In terms of demographics, Paducah, Texas, is a small town with a close-knit community. The population largely consists of families and individuals seeking a peaceful and friendly environment. The town's demographics reflect a mix of ages, with a focus on community involvement and family-oriented activities. The housing market in Paducah, Texas, offers diverse options for homebuyers. From historic homes with architectural charm to modern developments, there is something for everyone. The market is relatively stable, with affordable housing options and a mix of rental properties and single-family homes. Some main attractions in Paducah include the Paducah Lake for outdoor recreation, the local farmer's market for fresh produce, and the town's historic downtown area with quaint shops and restaurants. Residents also enjoy community events and festivals that celebrate the town's culture and history.
Benefits of FHA Down Payment Assistance Home Loan in Paducah, Texas
