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 Daviston, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Daviston, AL provides a financial boost to eligible homebuyers in Daviston, 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 Daviston, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Daviston, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Daviston, 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 Daviston, 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 Daviston, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Daviston, 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 Daviston, 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 Daviston, 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 several benefits to homebuyers in Daviston, Alabama. First and foremost, these loans require a lower down payment, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often have lower credit score requirements, allowing individuals with less-than-perfect credit to qualify for a mortgage. Furthermore, FHA loans typically have competitive interest rates, which can result in lower monthly mortgage payments. Another advantage is that these loans offer options for assistance with closing costs, easing the financial burden associated with purchasing a home. Daviston, Alabama, is a small town with a population of approximately 200 residents. The community comprises a mix of families, young professionals, and retirees, creating a diverse and welcoming environment. The town is known for its tight-knit community, where neighbors look out for one another and come together for local events and celebrations. In terms of the housing market, Daviston offers a range of affordable housing options, including single-family homes, townhouses, and apartments. The market is relatively stable, with a steady demand for housing due to the town's charm, proximity to nature, and easy access to amenities. Main attractions in Daviston include the serene Lake Martin, which offers opportunities for boating, fishing, and water sports. Outdoor enthusiasts can also explore the nearby Talladega National Forest, known for its hiking trails and scenic views. Additionally, the town is home to quaint local shops, restaurants serving southern cuisine, and historical sites that offer a glimpse into its past.
Benefits of FHA Down Payment Assistance Home Loan in Daviston, Alabama
