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 Faunsdale, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Faunsdale, AL provides a financial boost to eligible homebuyers in Faunsdale, 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 Faunsdale, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Faunsdale, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Faunsdale, 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 Faunsdale, 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 Faunsdale, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Faunsdale, 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 Faunsdale, 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 Faunsdale, 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.
Benefits of FHA Down Payment Assistance Home Loan: One of the key benefits of an FHA loan is the low down payment requirement, which can be as low as 3.5%. This makes homeownership more accessible to individuals who may not have a large amount of savings for a down payment. Additionally, FHA loans offer competitive interest rates and are easier to qualify for compared to conventional loans. Demographics: Faunsdale, Alabama, is a small town with a population of approximately 100 residents. The town has a tight-knit community feel, with a mix of both older residents who have lived there for generations and newcomers looking for a slower pace of life. Housing Market: The housing market in Faunsdale offers a range of options, from historic Southern-style homes to more modern properties. The median home price in Faunsdale is below the national average, making it an attractive location for first-time homebuyers or those looking to downsize. Main Attractions: Faunsdale is known for its beautiful countryside, with rolling hills and lush greenery. The town hosts an annual fall festival that attracts visitors from surrounding areas, featuring local food, music, and crafts. Additionally, Faunsdale is located near the Talladega National Forest, providing opportunities for outdoor activities such as hiking and camping.
FHA Down Payment Assistance Home Loan in Faunsdale, Alabama
