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 Tornillo, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Tornillo, TX provides a financial boost to eligible homebuyers in Tornillo, 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 Tornillo, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Tornillo, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Tornillo, 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 Tornillo, 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 Tornillo, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Tornillo, 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 Tornillo, 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 Tornillo, 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.
One of the key benefits of an FHA Down Payment Assistance Home Loan in Tornillo, Texas is the opportunity for first-time homebuyers to purchase a home with a lower down payment. This program can provide financial assistance to those who may not have substantial savings for a traditional down payment, making homeownership more accessible. Demographically, Tornillo, Texas is a small town located in El Paso County. The population is predominantly Hispanic, and the community is known for its strong sense of unity and cultural traditions. The town offers a close-knit and welcoming atmosphere for residents and visitors alike. In terms of the housing market, Tornillo has seen steady growth in recent years. The demand for housing is increasing as the town attracts more residents looking for a peaceful and affordable place to live. The availability of FHA Down Payment Assistance Home Loans can further stimulate the housing market by enabling more people to buy homes in the area. Some of the main attractions in Tornillo include the Tornillo Land Port of Entry, which is a gateway between the United States and Mexico, offering cultural exchanges and economic opportunities. Additionally, the town is close to the beautiful Guadalupe Mountains National Park, providing outdoor recreational activities and stunning natural scenery for residents to enjoy.
FHA Down Payment Assistance Home Loan in Tornillo, Texas
