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 Prosper, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Prosper, TX provides a financial boost to eligible homebuyers in Prosper, 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 Prosper, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Prosper, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Prosper, 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 Prosper, 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 Prosper, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Prosper, 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 Prosper, 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 Prosper, 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 loans offer low down payment requirements, making homeownership more accessible. This assistance program allows borrowers to qualify for loans with a lower credit score than conventional loans. Demographics: Prosper, Texas, is a growing suburb with a population that has been increasing steadily in recent years. The town has a young, diverse population with a median household income above the national average. Housing Market: Prosper's housing market is competitive, with a mix of new construction and established homes. The median home price is above the national average, reflecting the town's desirability and growth. Main Attractions: Prosper offers a range of attractions, including parks, golf courses, and shopping centers. The town's proximity to Dallas ensures access to big-city amenities while maintaining a charming small-town feel.
Benefits of FHA Down Payment Assistance Home Loan in Prosper, Texas
