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 Bynum, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bynum, AL provides a financial boost to eligible homebuyers in Bynum, AL, 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 Bynum, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bynum, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bynum, AL, 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 Bynum, AL 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 Bynum, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bynum, AL.
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 Bynum, AL. 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 Bynum, AL 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 Bynum offers a lower down payment requirement, making homeownership more accessible. This program also allows for lower credit scores and provides competitive interest rates, saving money in the long run. Bynum, Alabama, has a diverse population with a mix of families, young professionals, and retirees. The town offers a peaceful suburban lifestyle with good schools, parks, and community centers, making it an ideal place to raise a family. The housing market in Bynum is stable, with a variety of housing options ranging from cozy single-family homes to spacious apartments. The median home price is affordable, making it an attractive location for first-time homebuyers seeking a quiet neighborhood with easy access to amenities. Main attractions in Bynum include the scenic Talladega National Forest, perfect for outdoor enthusiasts. The town also boasts historic sites like the Bynum Historic District and local eateries offering Southern cuisine, providing a rich cultural experience for residents and visitors alike.
Benefits of FHA Down Payment Assistance Home Loan in Bynum, Alabama
