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 Rio Frio, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rio Frio, TX provides a financial boost to eligible homebuyers in Rio Frio, 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 Rio Frio, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rio Frio, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rio Frio, 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 Rio Frio, 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 Rio Frio, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rio Frio, 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 Rio Frio, 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 Rio Frio, 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 in Rio Frio, Texas offer numerous benefits such as lower down payment requirements, competitive interest rates, and the possibility of financing closing costs. This makes homeownership more accessible to individuals who may not have a large sum of money saved up for a down payment. Rio Frio, Texas has a diverse demographic profile with a mix of young professionals, families, and retirees. The population is known for its warm and welcoming community spirit, making it an ideal place to raise a family or retire peacefully. The housing market in Rio Frio, Texas, is characterized by a range of options from historic homes to modern developments. With the assistance of FHA loans, more individuals can afford to buy their dream home in this beautiful area, contributing to the growth and stability of the local real estate market. Main attractions in Rio Frio, Texas, include the stunning Lost Maples State Natural Area, perfect for outdoor enthusiasts, and the Frio Cave, a popular spot for spelunking and exploring. Additionally, the vibrant local food scene and cultural events make Rio Frio a charming and dynamic place to live.
FHA Down Payment Assistance Home Loan Benefits in Rio Frio, Texas
