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 Troup, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Troup, TX provides a financial boost to eligible homebuyers in Troup, 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 Troup, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Troup, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Troup, 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 Troup, 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 Troup, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Troup, 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 Troup, 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 Troup, 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 Loan in Troup, Texas offers numerous advantages such as lower down payment requirements, flexible credit score criteria, and competitive interest rates. This program enables first-time homebuyers and those with limited savings to achieve homeownership. Troup, Texas is a charming small town with a population of approximately 2,000 residents. The community is close-knit, with a friendly atmosphere and a strong sense of local pride. The area features a mix of single-family homes and agricultural land, offering a peaceful and rural lifestyle. The housing market in Troup presents opportunities for affordable housing options, especially with the assistance of FHA loans. The median home value is around $150,000, making it an attractive location for prospective buyers looking for budget-friendly properties in a scenic setting. Main attractions in Troup include the historic downtown area with quaint shops and local eateries, the Troup Museum showcasing the town's heritage, and outdoor recreational activities in nearby parks and lakes. The town's welcoming community and peaceful surroundings make it an ideal place to call home.
Benefits of FHA Down Payment Assistance Home Loan in Troup, Texas
