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 Smyer, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Smyer, TX provides a financial boost to eligible homebuyers in Smyer, 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 Smyer, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Smyer, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Smyer, 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 Smyer, 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 Smyer, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Smyer, 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 Smyer, 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 Smyer, 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.
1. Lower Down Payment: FHA loans offer a lower down payment requirement, making home ownership more accessible to a wider range of individuals. 2. Assistance Programs: FHA loans allow for down payment assistance from various sources, easing the financial burden on buyers. 3. Competitive Interest Rates: FHA loans often come with competitive interest rates, making them an attractive option for first-time homebuyers. Demographics Smyer, Texas, has a population of approximately 480 residents, with a median household income of $50,000. The majority of residents are young families and working professionals seeking affordable housing options. Housing Market The housing market in Smyer is stable, with a median home price of $150,000. The area offers a mix of single-family homes and rental properties, catering to a range of housing needs. Main Attractions Smyer is known for its quaint small-town charm and friendly community atmosphere. Residents enjoy the local parks, farmer's market, and easy access to nearby amenities in Lubbock, just a short drive away.
Benefits of FHA Down Payment Assistance Home Loan in Smyer, Texas
