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 Coy, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Coy, AL provides a financial boost to eligible homebuyers in Coy, 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 Coy, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Coy, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Coy, 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 Coy, 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 Coy, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Coy, 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 Coy, 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 Coy, 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 Loan in Coy, Alabama offers various benefits such as low down payment requirements, competitive interest rates, and easier qualification criteria for borrowers with less-than-perfect credit scores. This program provides financial support to first-time homebuyers, making homeownership more accessible and affordable. Demographically, Coy, Alabama is a diverse community with a mix of residents from different backgrounds. The population consists of working professionals, families, and retirees, creating a vibrant and inclusive neighborhood. The area boasts a strong sense of community, with residents actively participating in local events and initiatives. In terms of the housing market, Coy, Alabama offers a range of housing options including single-family homes, townhouses, and apartments. The market is dynamic, with competitive prices and a variety of properties to choose from. The FHA Down Payment Assistance Home Loan program has contributed to the growth of the real estate market in Coy, attracting potential buyers and boosting property values. Some main attractions in Coy, Alabama include picturesque parks, historic landmarks, and cultural venues. Residents can enjoy outdoor activities like hiking and picnicking in local parks, explore the rich history of the area through museums and heritage sites, and attend community events that showcase the town's heritage and traditions.
Benefits of FHA Down Payment Assistance Home Loan in Coy, Alabama
