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 San Augustine, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in San Augustine, TX provides a financial boost to eligible homebuyers in San Augustine, 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 San Augustine, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in San Augustine, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in San Augustine, 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 San Augustine, 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 San Augustine, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in San Augustine, 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 San Augustine, 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 San Augustine, 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 main benefits of an FHA Down Payment Assistance Home Loan in San Augustine is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This makes homeownership more accessible to individuals who may not have large savings for a traditional down payment. Furthermore, FHA loans offer competitive interest rates and flexible credit requirements, allowing more people to qualify for a home loan. The down payment assistance provided can help reduce the financial burden on first-time homebuyers, making the dream of owning a home a reality. Additionally, FHA loans often have lower closing costs compared to conventional loans, making them a more affordable option for many homebuyers. The Federal Housing Administration also offers various loan programs to help individuals with different financial situations find the right mortgage solution. Demographics San Augustine, Texas, has a population of approximately X residents. The median household income in the area is $X, with a diverse population that includes a mix of families, young professionals, and retirees. Housing Market The housing market in San Augustine offers a range of options, from historic homes to new construction properties. The median home price in the area is $X, with a variety of housing styles to suit different preferences and budgets. Main Attractions San Augustine is known for its rich history, with attractions such as the San Augustine County Jail Museum and the Mission Dolores State Historic Site. The area also offers outdoor activities like hiking in the nearby parks and fishing in the Toledo Bend Reservoir.
Benefits of FHA Down Payment Assistance Home Loan
