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 Shepherd, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Shepherd, TX provides a financial boost to eligible homebuyers in Shepherd, 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 Shepherd, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Shepherd, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Shepherd, 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 Shepherd, 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 Shepherd, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Shepherd, 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 Shepherd, 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 Shepherd, 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 primary benefits of an FHA Down Payment Assistance Home Loan in Shepherd, Texas is the lower down payment required compared to conventional loans. This makes homeownership more accessible to a wider range of individuals, especially first-time homebuyers. Furthermore, FHA loans offer competitive interest rates, making them an attractive option for borrowers looking to finance their home purchase. These loans also have less stringent credit score requirements, allowing more people to qualify for financing. Another advantage of FHA loans is the option for sellers to contribute towards the buyer's closing costs, easing the financial burden on the buyer and facilitating the home buying process. Demographics: Shepherd, Texas has a population of approximately 2,400 residents. The median age is 33 years old, and the median household income is $39,000. The town is predominantly Caucasian, with a growing Hispanic population. Housing Market: The housing market in Shepherd is diverse, offering a mix of single-family homes, townhouses, and apartments. The median home price in Shepherd is $120,000, making it an affordable option for homebuyers. Main Attractions: Shepherd is known for its beautiful parks and recreational areas, including the Big Creek Scenic Area and the Eastham-Thomason Park. The town also hosts the annual Shepherd Melon Festival, a popular event that celebrates the local community.
Benefits of FHA Down Payment Assistance Home Loan in Shepherd, Texas
