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 Pharr, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Pharr, TX provides a financial boost to eligible homebuyers in Pharr, 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 Pharr, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Pharr, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Pharr, 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 Pharr, 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 Pharr, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Pharr, 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 Pharr, 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 Pharr, 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.
1. Flexible Down Payment: The FHA loan program allows for a lower down payment compared to conventional loans, making homeownership more achievable for first-time buyers and those with limited savings. 2. Competitive Interest Rates: FHA loans offer competitive interest rates, helping borrowers save money over the life of the loan. 3. Government Backing: FHA loans are insured by the Federal Housing Administration, providing lenders with added security and making them more willing to lend to borrowers with less-than-perfect credit. Demographics Pharr, Texas, is a diverse city with a population of approximately 80,000 residents. The city boasts a mix of Hispanic, White, and African American communities, creating a vibrant and inclusive atmosphere. Housing Market The housing market in Pharr, Texas, is on the rise, with a steady increase in property values and a growing demand for affordable housing options. The FHA Down Payment Assistance Home Loan has become a popular choice among buyers looking to enter the market. Main Attractions Pharr offers a variety of attractions, including the World Birding Center, where visitors can observe a diverse range of bird species in their natural habitat. The city is also home to the Pharr-Reynosa International Bridge, facilitating trade and cultural exchange between the United States and Mexico.
Benefits of FHA Down Payment Assistance Home Loan in Pharr, Texas
