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 Van Alstyne, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Van Alstyne, TX provides a financial boost to eligible homebuyers in Van Alstyne, 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 Van Alstyne, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Van Alstyne, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Van Alstyne, 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 Van Alstyne, 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 Van Alstyne, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Van Alstyne, 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 Van Alstyne, 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 Van Alstyne, 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.
An FHA down payment assistance home loan in Van Alstyne, Texas offers numerous benefits to potential homebuyers. Firstly, it allows buyers to secure a home with as little as 3.5% down payment, making purchasing a home more affordable and accessible. Additionally, FHA loans often have lower interest rates and more lenient qualification requirements, making it an attractive option for first-time homebuyers or those with less-than-perfect credit scores. Furthermore, FHA loans provide options for refinancing and cash-out refinancing, allowing homeowners to access equity in their homes for various financial needs. Demographics: Van Alstyne, Texas, has a population of approximately 4,000 people. The median age in the town is 37 years, and the median household income is $75,000. Housing Market: The housing market in Van Alstyne is thriving, with a median home value of $250,000. The market is considered stable, with a moderate increase in property values over the past few years. Main Attractions: Van Alstyne boasts a charming historic downtown area with local shops and restaurants. The town is also known for its excellent school district and community events, making it a desirable place to live for families.
The Benefits of FHA Down Payment Assistance Home Loan in Van Alstyne, Texas
