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 Rowlett, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rowlett, TX provides a financial boost to eligible homebuyers in Rowlett, 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 Rowlett, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rowlett, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rowlett, 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 Rowlett, 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 Rowlett, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rowlett, 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 Rowlett, 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 Rowlett, 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 several advantages to homebuyers in Rowlett, Texas. These loans provide borrowers with the opportunity to purchase a home with a lower down payment requirement, making homeownership more accessible to a wider range of individuals and families. Furthermore, FHA loans often have more flexible credit score requirements, allowing individuals with less than perfect credit to qualify for a mortgage. This can be particularly beneficial for first-time homebuyers or those who may have encountered financial challenges in the past. Additionally, FHA loans typically offer competitive interest rates, helping borrowers save money over the life of their loan. This, combined with the ability to finance closing costs and other fees, can make buying a home more affordable and less stressful for residents of Rowlett, Texas.
The Benefits of FHA Down Payment Assistance Home Loan in Rowlett, Texas
