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 Coaling, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Coaling, AL provides a financial boost to eligible homebuyers in Coaling, 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 Coaling, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Coaling, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Coaling, 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 Coaling, 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 Coaling, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Coaling, 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 Coaling, 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 Coaling, 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 Coaling, Alabama offer benefits for first-time homebuyers who may not have a large down payment saved. These loans provide lower down payment requirements and competitive interest rates, making homeownership more accessible. Demographics in Coaling, Alabama include a growing population of around 1,600 residents. The community is known for its family-friendly environment, with a median household income above the state average. The town has a mix of young families, professionals, and retirees. The housing market in Coaling, Alabama is stable, with a range of affordable options available for buyers. The market offers a mix of single-family homes and newer developments. With the assistance of FHA loans, buyers can access a variety of housing options to suit their needs. Some main attractions in Coaling, Alabama include the nearby Lake Lurleen State Park, offering outdoor recreation opportunities such as fishing, boating, and hiking. The town also has local parks, community events, and easy access to nearby cities for shopping and dining.
Benefits of FHA Down Payment Assistance Home Loan in Coaling, Alabama
