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 Silverton, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Silverton, TX provides a financial boost to eligible homebuyers in Silverton, 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 Silverton, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Silverton, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Silverton, 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 Silverton, 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 Silverton, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Silverton, 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 Silverton, 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 Silverton, 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 Loan in Silverton, Texas offers numerous benefits to homebuyers. It allows for a lower down payment, often as little as 3.5%, making homeownership more accessible. Additionally, FHA loans have more flexible credit requirements, making them suitable for buyers with less-than-perfect credit scores. The program also provides competitive interest rates, potentially saving borrowers money over the life of the loan. Silverton, Texas, is a charming rural town with a tight-knit community. The town has a population of around 700 residents, offering a peaceful and close community lifestyle. The demographics skew towards families and retirees, creating a friendly and welcoming atmosphere for new residents. The housing market in Silverton, Texas, is stable with a variety of housing options available. The median home price in the area is affordable, making it an attractive option for first-time homebuyers. The town offers a mix of historic homes and newer constructions, catering to different preferences and budgets. Some of the main attractions in Silverton include the vibrant downtown area with local shops and eateries, the picturesque Caprock Canyons State Park offering outdoor recreational activities, and the annual Old Settlers' Reunion celebrating the town's history and community spirit.
Benefits of FHA Down Payment Assistance Home Loan in Silverton, Texas
