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 Clanton, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Clanton, AL provides a financial boost to eligible homebuyers in Clanton, 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 Clanton, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Clanton, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Clanton, 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 Clanton, 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 Clanton, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Clanton, 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 Clanton, 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 Clanton, 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.
One of the key benefits of FHA Down Payment Assistance Home Loans in Clanton, Alabama is the lower down payment requirement. With these loans, you can qualify for a mortgage with a down payment as low as 3.5%, making homeownership more accessible to a wider range of individuals and families. Demographically, Clanton is a diverse community with a population that includes a mix of families, young professionals, and retirees. The median household income is around the national average, and the cost of living is relatively affordable, making Clanton an attractive place to live for those looking for a balance between urban amenities and a suburban lifestyle. In terms of the housing market, Clanton offers a range of housing options from historic homes to modern developments. The market is stable with steady appreciation rates, making it a good investment opportunity. The availability of FHA Down Payment Assistance Home Loans further enhances the market by encouraging more buyers to enter the market. Main attractions in Clanton include the popular Peach Park, known for its delicious peach-themed treats, and the Confederate Memorial Park, which offers insights into the region's history. The city also hosts various events and festivals throughout the year, providing a vibrant community atmosphere for residents and visitors alike.
FHA Down Payment Assistance Home Loans in Clanton, Alabama
