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 Troy, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Troy, TX provides a financial boost to eligible homebuyers in Troy, 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 Troy, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Troy, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Troy, 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 Troy, 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 Troy, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Troy, 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 Troy, 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 Troy, 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 a FHA Down Payment Assistance Home Loan in Troy, Texas is the opportunity for first-time homebuyers or those with less-than-perfect credit to own a home with a lower down payment requirement. This program supports home ownership by offering more flexible eligibility criteria and lower down payment options compared to traditional loans. Demographically, Troy, Texas is a small yet vibrant community with a population of around 2,200 residents. The town boasts a strong sense of community, making it an ideal place for families and individuals looking for a close-knit neighborhood to call home. In terms of the housing market, Troy offers a mix of affordable housing options ranging from single-family homes to apartments. The market is stable, with a variety of properties available to suit different budgets and preferences. With the assistance of FHA loans, prospective buyers have more opportunities to enter the market and secure their dream home in Troy. Some of the main attractions in Troy include the beautiful Temple Lake Park, which offers recreational activities such as fishing, boating, and picnicking. The town also has a rich history, with landmarks like the Bell County Museum showcasing the region's heritage. Additionally, Troy's proximity to major highways provides easy access to nearby cities for work or leisure.
FHA Down Payment Assistance Home Loan Benefits in Troy, Texas
