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 Savoy, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Savoy, TX provides a financial boost to eligible homebuyers in Savoy, 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 Savoy, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Savoy, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Savoy, 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 Savoy, 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 Savoy, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Savoy, 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 Savoy, 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 Savoy, 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 programs offer eligible homebuyers the opportunity to purchase a home with a lower down payment, making homeownership more accessible and affordable. Demographics: Savoy, Texas, is a small town with a population of approximately 900 residents. The community is tight-knit, and the town offers a peaceful and serene living environment, ideal for families and individuals looking to escape the hustle and bustle of city life. Housing Market: The housing market in Savoy is favorable for buyers, with a range of affordable homes available for purchase. The FHA down payment assistance program can help buyers secure financing for their dream home in Savoy with minimal upfront costs. Main Attractions: Despite its small size, Savoy offers a charming downtown area, local parks, and recreational facilities for residents to enjoy. Nearby attractions include Lake Texoma, offering opportunities for fishing, boating, and outdoor activities.
Benefits of FHA Down Payment Assistance Home Loan in Savoy, Texas
