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 Tennessee Colony, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Tennessee Colony, TX provides a financial boost to eligible homebuyers in Tennessee Colony, 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 Tennessee Colony, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Tennessee Colony, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Tennessee Colony, 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 Tennessee Colony, 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 Tennessee Colony, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Tennessee Colony, 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 Tennessee Colony, 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 Tennessee Colony, 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 loans offer low down payment requirements, making homeownership more accessible to first-time buyers. In Tennessee Colony, this assistance can help families achieve the dream of owning a home without a large upfront payment. Demographically, Tennessee Colony has a diverse population with a mix of families, young professionals, and retirees. The area's cost of living is relatively affordable, attracting individuals looking for a peaceful and close-knit community to call home. The housing market in Tennessee Colony presents various opportunities for buyers. With the assistance of FHA loans, individuals can explore a range of properties from cozy single-family homes to spacious ranch-style houses, catering to different preferences and budgets. Main attractions in Tennessee Colony include the beautiful Davy Crockett National Forest, offering outdoor enthusiasts hiking, camping, and wildlife viewing opportunities. Additionally, the nearby Purtis Creek State Park is popular for fishing and boating activities, providing residents with recreational options right at their doorstep.
Benefits of FHA Down Payment Assistance Home Loan in Tennessee Colony, Texas
