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 Sherman, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Sherman, TX provides a financial boost to eligible homebuyers in Sherman, 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 Sherman, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Sherman, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Sherman, 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 Sherman, 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 Sherman, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Sherman, 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 Sherman, 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 Sherman, 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 in Sherman, Texas provide eligible homebuyers with lower down payment requirements, making homeownership more accessible. This program offers competitive interest rates and allows individuals with less-than-perfect credit to qualify, fostering a stronger sense of community and economic stability. Demographics: Sherman, Texas, is a diverse community with a population of around 42,000 residents. The city has a mix of young professionals, families, and retirees, creating a vibrant and inclusive environment. The median household income is $47,000, offering a range of housing options suitable for different income levels. Housing Market: Sherman's housing market is robust, with a median home value of $180,000. The FHA loan program has positively impacted the real estate industry in Sherman, driving demand for affordable housing options and stimulating new construction projects. The city offers a variety of housing styles, from historic homes to modern developments. Main Attractions: Sherman boasts several main attractions, including the beautiful Hagerman National Wildlife Refuge, offering nature lovers a serene escape. The city also features the Sherman Museum, showcasing local history, and numerous parks and recreational facilities for outdoor enthusiasts. Additionally, Sherman's vibrant downtown area features quaint shops, restaurants, and cultural events for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Sherman, Texas
