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 Ratcliff, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ratcliff, TX provides a financial boost to eligible homebuyers in Ratcliff, 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 Ratcliff, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ratcliff, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ratcliff, 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 Ratcliff, 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 Ratcliff, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ratcliff, 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 Ratcliff, 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 Ratcliff, 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 Ratcliff, Texas offers lower down payment requirements and competitive interest rates, making homeownership more achievable for first-time buyers. Additionally, FHA loans are more lenient with credit score requirements, allowing more individuals to qualify for financing. Demographics: Ratcliff, Texas, has a small population with a close-knit community. The town boasts a diverse demographic, with a mix of families, retirees, and young professionals. The area is known for its safe neighborhoods and strong sense of community. Housing Market: The housing market in Ratcliff is stable, offering a range of housing options from single-family homes to townhouses. With the assistance of FHA loans, potential homeowners have access to more affordable financing options, driving growth in the real estate market. Main Attractions: Ratcliff State Park is a popular outdoor destination in the area, offering camping, fishing, and hiking opportunities. The town also has a vibrant arts and cultural scene, with local galleries and events showcasing the talents of residents and regional artists.
FHA Down Payment Assistance Home Loan in Ratcliff, Texas
