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 Somerville, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Somerville, TX provides a financial boost to eligible homebuyers in Somerville, 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 Somerville, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Somerville, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Somerville, 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 Somerville, 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 Somerville, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Somerville, 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 Somerville, 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 Somerville, 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.
Benefits of FHA Down Payment Assistance: The FHA loan program offers benefits such as low down payments, flexible credit score requirements, and competitive interest rates. This assistance can make homeownership more accessible for first-time buyers and those with less-than-perfect credit. Demographics: Somerville, Texas, has a population of approximately X, with a diverse community that includes families, professionals, and retirees. The median household income is $Y, and the median home value is $Z. The town offers a mix of suburban and rural living. Housing Market: The housing market in Somerville is characterized by affordable home prices and a range of property types, including single-family homes, townhouses, and apartments. The market is stable, with a steady demand for housing and a growing number of new developments. Main Attractions: Some of the main attractions in Somerville include Lake Somerville State Park, offering opportunities for outdoor activities such as camping, fishing, and hiking. The town also has a historic downtown area with shops, restaurants, and cultural events for residents and visitors to enjoy.
FHA Down Payment Assistance Home Loan in Somerville, Texas
