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 Stephenville, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Stephenville, TX provides a financial boost to eligible homebuyers in Stephenville, 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 Stephenville, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Stephenville, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Stephenville, 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 Stephenville, 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 Stephenville, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Stephenville, 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 Stephenville, 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 Stephenville, 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.
An FHA down payment assistance home loan in Stephenville, Texas offers various benefits to potential homebuyers. One of the main advantages is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This makes homeownership more accessible to individuals who may not have large savings for a traditional down payment. Furthermore, FHA loans have competitive interest rates and more lenient credit score requirements compared to conventional loans, making them ideal for first-time homebuyers or those with less-than-perfect credit. Additionally, these loans allow for financial gifts from family members or government grants to be used towards the down payment. Stephenville, Texas, located in Erath County, has a diverse demographic makeup with a mix of young professionals, families, and retirees. The city's population enjoys a strong sense of community and a relatively low cost of living compared to other parts of Texas. The housing market in Stephenville is currently experiencing steady growth, with a range of housing options available, from historic homes to modern developments. The median home price is affordable, making it an attractive location for those looking to invest in real estate or settle down in a welcoming community. Main attractions in Stephenville include the Stephenville Museum, which showcases the city's history, and the Bosque River, offering opportunities for outdoor recreation such as fishing and hiking. The city also hosts various events throughout the year, including music festivals and cultural celebrations.
Benefits of FHA Down Payment Assistance Home Loan in Stephenville, Texas
