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 Coker, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Coker, AL provides a financial boost to eligible homebuyers in Coker, 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 Coker, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Coker, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Coker, 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 Coker, 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 Coker, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Coker, 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 Coker, 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 Coker, 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 provide opportunities for homebuyers in Coker, Alabama to purchase homes with a lower initial down payment, making homeownership more accessible and affordable. Demographics in Coker, Alabama show a close-knit community with a population that values its small-town charm. The area boasts a mix of families and retirees, creating a diverse and friendly environment. The housing market in Coker, Alabama is stable, with a range of housing options available for different budgets. With the assistance of FHA loans, more residents can achieve their dream of owning a home in this picturesque town. Some main attractions in Coker, Alabama include its scenic parks, charming local shops, and easy access to outdoor activities like hiking and fishing. Residents can enjoy a peaceful lifestyle while still being close to urban conveniences.
Benefits of FHA Down Payment Assistance Home Loan in Coker, Alabama
