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 Port Isabel, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Port Isabel, TX provides a financial boost to eligible homebuyers in Port Isabel, 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 Port Isabel, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Port Isabel, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Port Isabel, 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 Port Isabel, 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 Port Isabel, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Port Isabel, 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 Port Isabel, 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 Port Isabel, 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.
Benefits: An FHA Down Payment Assistance Home Loan in Port Isabel, Texas provides a great opportunity for homebuyers with limited funds to secure a home with a lower down payment requirement. This type of loan allows buyers to qualify for a mortgage with a lower credit score than conventional loans, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans offer competitive interest rates, potentially saving borrowers money over the life of the loan. Demographics: Port Isabel, Texas, has a diverse population with a mix of age groups and ethnicities. The city has seen growth in recent years, attracting both young professionals and retirees looking for a coastal lifestyle. Housing Market: The housing market in Port Isabel offers a variety of options, from quaint historic homes to modern waterfront properties. The market is relatively stable, with steady appreciation rates making it a sound investment for buyers. Main Attractions: Port Isabel is known for its scenic views, recreational activities, and historical charm. Some of the main attractions include the Port Isabel Lighthouse, Laguna Madre Nature Trail, and South Padre Island nearby, offering beautiful beaches and vibrant nightlife.
Benefits of FHA Down Payment Assistance Home Loan in Port Isabel, Texas
