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 Plano, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Plano, TX provides a financial boost to eligible homebuyers in Plano, 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 Plano, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Plano, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Plano, 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 Plano, 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 Plano, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Plano, 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 Plano, 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 Plano, 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 Plano, Texas offer lower down payment requirements, making homeownership more accessible to first-time buyers. This program provides financial support to qualified individuals, helping them achieve the dream of owning a home with reduced upfront costs. Demographically, Plano, Texas, is a diverse and growing city with a population of around 290,000 people. The city is known for its excellent school system, making it an attractive location for families. The median household income is above the national average, contributing to the stability and prosperity of the community. The housing market in Plano is competitive yet offers a variety of options for buyers. With the assistance of FHA loans, individuals can explore affordable housing opportunities in the city. The market is stable, with steady appreciation rates, making it a desirable location for real estate investment. Some main attractions in Plano include the Legacy West urban village, home to upscale shops and restaurants, and the Arbor Hills Nature Preserve, a popular outdoor destination for residents. The city also boasts a vibrant arts scene and hosts various cultural events throughout the year, providing entertainment for all ages.
Benefits of FHA Down Payment Assistance Home Loan in Plano, Texas
