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 Rockwall, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rockwall, TX provides a financial boost to eligible homebuyers in Rockwall, 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 Rockwall, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rockwall, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rockwall, 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 Rockwall, 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 Rockwall, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rockwall, 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 Rockwall, 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 Rockwall, 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 Rockwall, Texas is its accessibility to first-time homebuyers. This program allows individuals with lower credit scores and income levels to qualify for a home loan with a lower down payment requirement, making home ownership more achievable. Rockwall, Texas, is a diverse community with a growing population of approximately 45,000 residents. The city boasts a strong economy, fueled by industries such as healthcare, education, and technology. The demographics include a mix of young families, professionals, and retirees, creating a vibrant and inclusive atmosphere. The housing market in Rockwall, Texas, is competitive yet affordable. With a median home price below the national average, prospective buyers can find a range of housing options from cozy suburban homes to modern condos. The market is stable, showing steady appreciation in property values, making it a sound investment for homeowners. In addition to its housing opportunities, Rockwall offers a range of attractions for residents and visitors alike. From the picturesque Lake Ray Hubbard for outdoor enthusiasts to the historic downtown square lined with shops and restaurants, there is something for everyone in this charming city.
FHA Down Payment Assistance Home Loan Benefits in Rockwall, Texas
