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 Yancey, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Yancey, TX provides a financial boost to eligible homebuyers in Yancey, 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 Yancey, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Yancey, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Yancey, 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 Yancey, 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 Yancey, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Yancey, 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 Yancey, 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 Yancey, 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 Yancey, Texas offer numerous advantages to potential homebuyers. These loans require lower down payments, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often have lower credit score requirements, allowing buyers with less-than-perfect credit to qualify for a mortgage. Yancey, Texas, located in Medina County, has a population of approximately 300 residents. The area boasts a diverse community with a mix of demographics including families, young professionals, and retirees. The town offers a peaceful and tight-knit community atmosphere, ideal for those seeking a quiet lifestyle while still being close to larger cities like San Antonio. The housing market in Yancey, Texas, is currently experiencing steady growth. With the help of FHA down payment assistance programs, more first-time buyers are able to enter the market, leading to increased demand for homes in the area. Despite the growth, the housing market in Yancey maintains affordability compared to nearby urban areas, making it an attractive option for those looking to purchase a home. Main attractions in Yancey include the scenic Hondo Creek, which offers opportunities for outdoor activities such as fishing and hiking. The town is also home to several local parks and historical sites, providing residents with a variety of recreational and cultural experiences.
FHA Down Payment Assistance Home Loan Benefits in Yancey, Texas
