Unlock Your Homeownership Dreams with FHA Down Payment Assistance in Perryton, TX

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 Perryton, TX for FHA loans designed to help you achieve your dream of owning a home with ease.

What is Down Payment Assistance in Perryton, TX?

Our Down Payment Assistance program in Perryton, TX provides a financial boost to eligible homebuyers in Perryton, 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.

Forgivable grant for FHA loans in Perryton, TX

Key Features of Our FHA Down Payment Assistance in Perryton, TX

1. Nearly Nationwide Availability

Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Perryton, TX can benefit from our assistance.

2. Forgivable Grant

The grant can cover 2% or 3.5% of the purchase price of your home in Perryton, TX. This grant is completely forgivable, easing your financial burden.

3. Combination with Seller Concessions

You can combine this grant with up to 6% seller concessions in Perryton, TX, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.

4. No Resale Restrictions

Enjoy the freedom of homeownership in Perryton, TX without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.

Eligibility Requirements

To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:

1

Minimum Credit Score

A FICO score of 580 qualifies you for Approve/Eligible status in Perryton, TX, while a score of 620 is required for Refer/Eligible status.

2

First-Time Homebuyer

This program is primarily designed for first-time homebuyers in Perryton, TX.

3

Community Involvement

If you’re still working, you must either be retired or actively volunteer in your community.

Why Choose Horizon Lending Services?

We are committed to guiding you through every step of the home-buying process in Perryton, 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.

First-time homebuyer FHA assistance in Perryton, TX
Start Your Journey Today

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 Perryton, 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.

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Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.

Benefits of FHA Down Payment Assistance Home Loans in Perryton, Texas

FHA Down Payment Assistance Home Loans in Perryton, Texas offer many benefits to homebuyers. These loans are ideal for first-time buyers as they require a lower down payment compared to conventional loans. This can make homeownership more accessible to individuals and families with limited savings.

Additionally, FHA loans offer competitive interest rates and flexible credit requirements, making them a popular choice for many homebuyers. The down payment assistance programs available in Perryton further help buyers by providing financial support for down payments and closing costs.

These loans also offer the advantage of allowing higher debt-to-income ratios, making them suitable for borrowers with moderate income levels. This can be especially beneficial in a city like Perryton, where housing prices may be higher compared to the average income of residents.

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