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 Medina, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rio Medina, TX provides a financial boost to eligible homebuyers in Rio Medina, 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 Medina, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rio Medina, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rio Medina, 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 Medina, 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 Medina, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rio Medina, 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 Medina, 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 Medina, 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.
One of the key benefits of an FHA Down Payment Assistance Home Loan in Rio Medina, Texas, is the lower down payment requirement. This can make home ownership more accessible for first-time buyers or those with limited funds for a down payment. Additionally, FHA loans often have more flexible credit score requirements, allowing those with less-than-perfect credit to still qualify for a home loan. This can open up the opportunity for more individuals and families to achieve their dream of owning a home in Rio Medina. Furthermore, FHA loans typically have lower interest rates compared to conventional loans, potentially saving borrowers thousands of dollars over the life of the loan. This can make home ownership more affordable and sustainable in the long run.
Benefits of FHA Down Payment Assistance Home Loan in Rio Medina, Texas
