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 Pecos, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Pecos, TX provides a financial boost to eligible homebuyers in Pecos, 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 Pecos, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Pecos, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Pecos, 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 Pecos, 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 Pecos, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Pecos, 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 Pecos, 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 Pecos, 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.
An FHA loan with down payment assistance can make homeownership more accessible by reducing the initial cash outlay required. This type of loan offers lower down payment requirements, competitive interest rates, and flexible qualification criteria, making it ideal for first-time homebuyers in Pecos, Texas. Demographically, Pecos, Texas, is a diverse community with a mix of Hispanic, White, and other ethnic groups. The city has a thriving economy driven by industries like oil and gas, agriculture, and tourism. The median household income is $XXX, and the cost of living is relatively affordable compared to other Texas cities. In terms of the housing market, Pecos offers a range of housing options, from single-family homes to apartments and townhouses. The market is currently experiencing steady growth, with property values on the rise. With the help of FHA down payment assistance programs, potential homebuyers can take advantage of these opportunities. Some of the main attractions in Pecos include the West of the Pecos Museum, where visitors can explore the history of the region, and the Reeves County Golf Course for outdoor enthusiasts. The city also hosts various cultural events and festivals throughout the year, showcasing its rich heritage and community spirit.
Benefits of FHA Down Payment Assistance Home Loan in Pecos, Texas
