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 Coden, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Coden, AL provides a financial boost to eligible homebuyers in Coden, 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 Coden, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Coden, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Coden, 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 Coden, 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 Coden, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Coden, 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 Coden, 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 Coden, 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 offer numerous benefits to potential homebuyers in Coden, Alabama. These loans require a lower down payment, typically around 3.5%, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans have less stringent credit score requirements compared to conventional loans, enabling individuals with less than perfect credit to qualify for a home loan. Moreover, FHA loans often provide competitive interest rates, further reducing the overall cost of homeownership in Coden, Alabama. Demographics Coden, Alabama, has a diverse population mix with a blend of different ethnicities and age groups. The community is known for its friendly and welcoming atmosphere, making it an ideal place for families and individuals looking to settle down. Housing Market The housing market in Coden, Alabama, offers a range of options for potential homebuyers, from cozy single-family homes to spacious waterfront properties. The market is relatively stable, with a mix of new constructions and historic homes, catering to various preferences. Main Attractions Coden, Alabama, boasts beautiful natural surroundings, including scenic parks, beaches, and wildlife preserves, making it a perfect destination for outdoor enthusiasts. Additionally, the area is rich in history and culture, with museums, galleries, and local shops showcasing the region's heritage.
Benefits of FHA Down Payment Assistance Home Loan in Coden, Alabama
