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 Somerset, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Somerset, TX provides a financial boost to eligible homebuyers in Somerset, 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 Somerset, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Somerset, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Somerset, 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 Somerset, 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 Somerset, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Somerset, 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 Somerset, 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 Somerset, 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. FHA Down Payment Assistance: This type of loan allows for a lower down payment, making homeownership more attainable for individuals with limited savings. The assistance can come in the form of grants or secondary loans to cover down payment and closing costs. 2. Demographics: Somerset, Texas, is a small town with a population of approximately 1,600 residents. The community is diverse, with a mix of families, young professionals, and retirees. The town has a strong sense of community and a welcoming atmosphere. 3. Housing Market: Somerset offers a range of housing options, from single-family homes to townhouses. The market is relatively stable with affordable prices compared to nearby urban areas. The FHA Down Payment Assistance program can help make these homes even more accessible to first-time buyers. 4. Main Attractions: Somerset is known for its rural charm and friendly residents. Main attractions include the Somerset Historical Museum, which showcases the town's history, as well as local parks and outdoor recreational areas perfect for nature lovers.
Benefits of FHA Down Payment Assistance Home Loan in Somerset, Texas
