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 Southmayd, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Southmayd, TX provides a financial boost to eligible homebuyers in Southmayd, 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 Southmayd, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Southmayd, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Southmayd, 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 Southmayd, 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 Southmayd, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Southmayd, 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 Southmayd, 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 Southmayd, 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 Southmayd, Texas offer several benefits to potential homebuyers. These loans typically require a lower down payment, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often have lower credit score requirements, making them a viable option for those with less-than-perfect credit histories. Demographically, Southmayd, Texas is a small town with a population of around 1,000 residents. The community is close-knit and family-friendly, with a relatively low cost of living compared to nearby cities. The town boasts a diverse population, with residents from various backgrounds coming together to create a welcoming and inclusive atmosphere. In terms of the housing market, Southmayd, Texas offers a range of housing options to suit different preferences and budgets. From cozy single-family homes to spacious townhouses, there is something for everyone in this charming town. The real estate market in Southmayd is stable, making it a favorable location for both first-time homebuyers and seasoned investors. Some of the main attractions in Southmayd, Texas include beautiful parks and outdoor recreational areas, perfect for enjoying the warm Texas weather. The town also hosts various community events throughout the year, fostering a sense of belonging among residents. Additionally, Southmayd is conveniently located near larger cities, providing easy access to shopping, dining, and entertainment options.
Benefits of FHA Down Payment Assistance Home Loan in Southmayd, Texas
