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 Coosada, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Coosada, AL provides a financial boost to eligible homebuyers in Coosada, 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 Coosada, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Coosada, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Coosada, 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 Coosada, 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 Coosada, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Coosada, 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 Coosada, 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 Coosada, 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 benefits such as lower down payment requirements, competitive interest rates, and flexible credit score requirements, making homeownership more accessible to individuals in Coosada. Demographics: Coosada, Alabama, has a population of around 1,200 residents. The town has a diverse community with a mix of families, young professionals, and retirees. The median household income is $45,000, and the median age is 35 years, making it a vibrant and growing community. Housing Market: Coosada's real estate market offers a range of housing options, from historic homes to new developments. The average home price is $150,000, making it an affordable option for first-time homebuyers. The market is stable, with a growing demand for properties, making it an attractive investment opportunity. Main Attractions: Coosada is known for its scenic parks, such as the Coosada River Park, offering outdoor recreational activities. The town also hosts local events like the Coosada Heritage Day, celebrating its rich history and community spirit. With its close-knit community and small-town charm, Coosada is a welcoming place to call home.
Benefits of FHA Down Payment Assistance Home Loan in Coosada, Alabama
