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 Ravenna, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ravenna, TX provides a financial boost to eligible homebuyers in Ravenna, 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 Ravenna, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ravenna, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ravenna, 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 Ravenna, 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 Ravenna, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ravenna, 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 Ravenna, 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 Ravenna, 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 programs offer benefits like lower down payment requirements, making homeownership more accessible to first-time buyers and those with lower incomes. Demographics in Ravenna, Texas show a diverse community with a mix of age groups and household sizes. The town boasts a stable economy with a growing population attracted by its affordability and peaceful living environment. The housing market in Ravenna, Texas is competitive yet affordable compared to nearby urban areas. Home prices have been steadily appreciating, making it a good investment option for potential homeowners. Main attractions in Ravenna, Texas include its charming downtown area, beautiful parks, and proximity to outdoor recreational areas like Lake Bonham, offering residents a mix of small-town living and nature exploration.
Benefits of FHA Down Payment Assistance Home Loan in Ravenna, Texas
