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 Tyler, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Tyler, TX provides a financial boost to eligible homebuyers in Tyler, 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 Tyler, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Tyler, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Tyler, 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 Tyler, 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 Tyler, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Tyler, 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 Tyler, 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 Tyler, 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 Loans in Tyler, Texas offer lower down payment requirements, making homeownership more accessible to first-time buyers. This program helps individuals with limited financial resources achieve their dream of owning a home by providing financial assistance. Demographics: Tyler, Texas is a diverse city with a population that includes young professionals, families, and retirees. The city's population growth is fueled by its strong economy, affordable housing options, and vibrant community. Housing Market: Tyler, Texas boasts a stable housing market with a variety of housing options ranging from historic homes to modern developments. The median home price is competitive, making it an attractive location for both buyers and investors. Main Attractions: Tyler, Texas is known for its beautiful rose gardens, annual Azalea Trail, and the Tyler State Park offering outdoor recreational activities. The city also features cultural attractions like museums, theaters, and a vibrant downtown area with shopping and dining options.
Benefits of FHA Down Payment Assistance Home Loan
