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 Hondo, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rio Hondo, TX provides a financial boost to eligible homebuyers in Rio Hondo, 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 Hondo, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rio Hondo, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rio Hondo, 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 Hondo, 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 Hondo, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rio Hondo, 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 Hondo, 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 Hondo, 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 numerous benefits to homebuyers in Rio Hondo, Texas. These loans provide a lower down payment requirement, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often have lower interest rates compared to conventional loans, resulting in lower monthly payments for borrowers. Rio Hondo, Texas, is a vibrant community with a diverse population. The town boasts a mix of cultures and ages, creating a rich tapestry of residents. The area is known for its friendly atmosphere and strong sense of community, making it an ideal place to raise a family or retire. The housing market in Rio Hondo, Texas, is currently showing signs of growth and stability. With a range of housing options available, from single-family homes to condominiums, there is something to suit every budget and lifestyle. The average home price is competitive, making Rio Hondo an attractive location for first-time buyers and investors alike.
Benefits of FHA Down Payment Assistance Home Loan in Rio Hondo, Texas
