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 Chatom, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Chatom, AL provides a financial boost to eligible homebuyers in Chatom, 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 Chatom, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Chatom, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Chatom, 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 Chatom, 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 Chatom, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Chatom, 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 Chatom, 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 Chatom, 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 Loans in Chatom, Alabama provide an affordable way for first-time homebuyers to purchase homes with a lower down payment requirement. This program helps individuals and families achieve homeownership by offering competitive interest rates and flexible credit requirements. Chatom, Alabama, a small town with a population of approximately 1,288 residents, offers a close-knit community feel with access to nature and outdoor activities. The town's demographics are primarily Caucasian, with a median age of 43 years old. The cost of living is relatively low compared to larger cities in the state. The housing market in Chatom, Alabama, is stable, with a range of affordable housing options available through programs like the FHA Down Payment Assistance Home Loan. The median home value in Chatom is around $110,000, making it an attractive location for those looking to buy their first home or invest in real estate. The market offers a mix of single-family homes and some rural properties. While in Chatom, visitors can explore attractions such as the Washington County Museum, which showcases the area's history, or enjoy outdoor activities at the nearby Upper Delta Wildlife Management Area. The town's charming Main Street features local shops and restaurants for residents and visitors to enjoy.
The Benefits of FHA Down Payment Assistance Home Loan in Chatom, Alabama
