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 Slaton, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Slaton, TX provides a financial boost to eligible homebuyers in Slaton, 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 Slaton, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Slaton, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Slaton, 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 Slaton, 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 Slaton, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Slaton, 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 Slaton, 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 Slaton, 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 Slaton, Texas provide eligible buyers with the opportunity to purchase a home with a lower down payment requirement. This can make homeownership more accessible for individuals and families who may not have the means to afford a traditional down payment. Slaton, Texas, a charming city in Lubbock County, has a population of approximately 6,100 residents. The area boasts a diverse community with a mix of families, young professionals, and retirees, creating a vibrant and welcoming atmosphere. The housing market in Slaton offers a range of options for buyers, from historic homes with character to modern developments. With the assistance of FHA loans, buyers can benefit from competitive interest rates and flexible credit requirements, making it easier to secure a home in this desirable location. Some of the main attractions in Slaton include the Slaton Bakery, known for its delicious treats, and the Slaton Railroad Heritage Association Museum, which offers insight into the city's history. Additionally, outdoor enthusiasts can enjoy the nearby Buffalo Springs Lake for recreational activities.
Benefits of FHA Down Payment Assistance Home Loans in Slaton, Texas
