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 Ygnacio, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in San Ygnacio, TX provides a financial boost to eligible homebuyers in San Ygnacio, 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 Ygnacio, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in San Ygnacio, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in San Ygnacio, 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 Ygnacio, 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 Ygnacio, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in San Ygnacio, 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 Ygnacio, 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 Ygnacio, 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 various benefits to homebuyers in San Ygnacio, Texas. These loans require a lower down payment, typically around 3.5%, making homeownership more achievable for individuals with limited funds for a down payment. Furthermore, FHA loans have less stringent credit score requirements compared to conventional loans, allowing individuals with lower credit scores to qualify for a home loan. The interest rates on FHA loans are often competitive, helping buyers save money over the life of the loan. Additionally, FHA loans provide options for assistance with closing costs, further reducing the upfront expenses associated with buying a home in San Ygnacio, Texas. Demographics San Ygnacio is a small community located in Zapata County, Texas, with a population of approximately 600 residents. The majority of the population is of Hispanic descent, contributing to the town's rich cultural heritage. Housing Market The housing market in San Ygnacio offers a mix of historic homes and newer construction properties. The median home price in the area is affordable, making it an attractive option for first-time homebuyers seeking a quaint and close-knit community. Main Attractions San Ygnacio is known for its historic sites, including the Treviño-Uribe Rancho, a national historic landmark that offers a glimpse into the town's past. Outdoor enthusiasts can enjoy activities such as birdwatching and fishing along the nearby Rio Grande River.
Benefits of FHA Down Payment Assistance Home Loan in San Ygnacio, Texas
