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 Southlake, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Southlake, TX provides a financial boost to eligible homebuyers in Southlake, 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 Southlake, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Southlake, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Southlake, 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 Southlake, 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 Southlake, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Southlake, 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 Southlake, 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 Southlake, 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 offer numerous benefits to homebuyers in Southlake, Texas. These loans provide a lower down payment requirement, typically around 3.5%, making homeownership more accessible to first-time buyers and those with limited funds for a down payment. Furthermore, FHA loans often have competitive interest rates and less stringent credit score requirements compared to conventional loans, allowing more individuals and families to qualify for financing and purchase their dream homes in the desirable city of Southlake. Moreover, FHA loans come with the option of including closing costs and other fees in the loan amount, reducing the immediate out-of-pocket expenses for homebuyers and providing a more manageable path to homeownership in Southlake, known for its excellent schools, safe neighborhoods, and vibrant community.
Benefits of FHA Down Payment Assistance Home Loan in Southlake, Texas
