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 Salado, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Salado, TX provides a financial boost to eligible homebuyers in Salado, 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 Salado, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Salado, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Salado, 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 Salado, 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 Salado, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Salado, 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 Salado, 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 Salado, 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 Salado, Texas is the opportunity for eligible homebuyers to secure a loan with a lower down payment requirement. This can help make homeownership more accessible for individuals who may not have the means for a large down payment. Furthermore, FHA loans often come with competitive interest rates and flexible credit score requirements, making them an attractive option for first-time homebuyers or those with less-than-perfect credit histories. Another advantage of this type of loan is the potential for financial assistance with closing costs, which can further reduce the upfront expenses associated with buying a home in Salado, Texas. Demographics Salado, Texas, is a charming village with a population of approximately 2,500 residents. The community boasts a diverse population, including families, retirees, and young professionals, creating a vibrant and welcoming atmosphere. Housing Market The housing market in Salado offers a range of options, from historic homes in the downtown area to modern developments on the outskirts. The median home price is around $300,000, making it an affordable option for many homebuyers. Main Attractions Salado is known for its rich cultural heritage, art galleries, boutique shops, and award-winning restaurants. The village also offers outdoor recreational activities, such as hiking, biking, and fishing, making it an ideal place to call home for nature lovers.
Benefits of FHA Down Payment Assistance Home Loan in Salado, Texas
