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 Rankin, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rankin, TX provides a financial boost to eligible homebuyers in Rankin, 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 Rankin, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rankin, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rankin, 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 Rankin, 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 Rankin, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rankin, 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 Rankin, 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 Rankin, 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 various advantages to homebuyers in Rankin, Texas. One of the key benefits is the lower down payment requirement, making homeownership more accessible to individuals who may not have a large sum of cash available for a traditional down payment. In terms of demographics, Rankin, Texas, is a small, tight-knit community with a population that values a peaceful and laid-back lifestyle. The town has a mix of younger families and older residents, creating a unique blend of community spirit and generational connections. Rankin's housing market presents opportunities for first-time homebuyers seeking affordable options. With the assistance of FHA loans, buyers can explore a range of housing options that suit their needs and budgets. The market offers a mix of single-family homes, townhouses, and condos, catering to diverse preferences. Despite its small size, Rankin boasts several main attractions that draw residents and visitors alike. The town is known for its picturesque landscapes, outdoor recreational activities, and a rich historical heritage. From hiking trails to local eateries, Rankin offers a charming and welcoming environment for all.
Benefits of FHA Down Payment Assistance Home Loan in Rankin, Texas
