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 Coffee Springs, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Coffee Springs, AL provides a financial boost to eligible homebuyers in Coffee Springs, 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 Coffee Springs, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Coffee Springs, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Coffee Springs, 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 Coffee Springs, 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 Coffee Springs, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Coffee Springs, 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 Coffee Springs, 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 Coffee Springs, 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.
When considering a home purchase in Coffee Springs, Alabama, availing an FHA Down Payment Assistance Home Loan can be highly beneficial. This loan program helps first-time homebuyers secure a home with a lower down payment requirement, making homeownership more accessible. Demographically, Coffee Springs is a charming town with a population of approximately 400 residents. It boasts a close-knit community feel, perfect for those seeking a peaceful and friendly neighborhood to call home. The town experiences a moderate cost of living and offers a suburban atmosphere. The housing market in Coffee Springs is diverse, with options ranging from quaint single-family homes to spacious properties. The median home price falls within an affordable range, making it an attractive location for prospective homebuyers. With the assistance of FHA Down Payment programs, individuals can achieve their dream of owning a house in this welcoming town. Some main attractions in Coffee Springs include the picturesque Coffee Springs Park where residents can enjoy outdoor activities, local shops and dining spots showcasing southern hospitality, and the nearby Geneva State Forest offering nature enthusiasts ample opportunities for exploration and recreation.
Benefits of FHA Down Payment Assistance Home Loan in Coffee Springs, Alabama
