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 Powell, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Powell, TX provides a financial boost to eligible homebuyers in Powell, 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 Powell, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Powell, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Powell, 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 Powell, 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 Powell, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Powell, 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 Powell, 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 Powell, 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 Powell, Texas offer several benefits. First, these loans require a lower down payment, making homeownership more accessible to individuals who may not have a large amount of cash on hand. Second, the FHA program allows for lower credit scores compared to conventional loans, enabling more people to qualify for a mortgage. Third, FHA loans typically have competitive interest rates, reducing the overall cost of borrowing. Powell, Texas, has a diverse population with a mix of families, young professionals, and retirees. The town boasts a strong sense of community with local events and gatherings that bring residents together. The area is known for its excellent schools and safe neighborhoods, making it an attractive location for families looking to settle down. The housing market in Powell, Texas, is robust with a variety of housing options available. From single-family homes to townhouses and condominiums, there is something to suit every lifestyle and budget. The median home price in Powell is competitive, offering affordable housing opportunities for first-time buyers and long-time residents alike. Some main attractions in Powell, Texas, include the beautiful parks and outdoor recreational areas. The town is home to several hiking trails, picnic spots, and playgrounds, making it a great place for nature lovers and outdoor enthusiasts. Additionally, Powell has a vibrant downtown area with local shops, restaurants, and cultural attractions that showcase the town's unique charm and character.
Benefits of FHA Down Payment Assistance Home Loan in Powell, Texas
