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 Progreso, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Progreso, TX provides a financial boost to eligible homebuyers in Progreso, 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 Progreso, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Progreso, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Progreso, 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 Progreso, 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 Progreso, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Progreso, 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 Progreso, 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 Progreso, 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 offer numerous benefits to homebuyers in Progreso, Texas. These loans require lower down payments, making homeownership more accessible. They also have flexible credit score requirements, allowing more people to qualify for a home loan. Demographically, Progreso is a diverse community with a mix of Hispanic and White residents. The median household income is below the national average, making down payment assistance programs crucial for many residents looking to purchase homes. The housing market in Progreso is competitive, with a mix of older homes and new developments. The assistance provided through FHA loans can give buyers an edge in this market, allowing them to secure financing more easily. Main attractions in Progreso include the Progreso International Bridge, which connects the city to Mexico, offering unique cultural experiences. Additionally, the city is known for its vibrant local food scene, with authentic Mexican cuisine.
FHA Down Payment Assistance Home Loan Benefits in Progreso, Texas