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 Frankville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Frankville, AL provides a financial boost to eligible homebuyers in Frankville, 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 Frankville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Frankville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Frankville, 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 Frankville, 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 Frankville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Frankville, 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 Frankville, 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 Frankville, 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 in Frankville, Alabama offer numerous benefits to aspiring homeowners. These include lower down payment requirements, competitive interest rates, and the opportunity for individuals with less-than-perfect credit to qualify for a mortgage. Demographics Frankville, Alabama, has a population of approximately 2000 residents. The town boasts a diverse community, with a mix of young families, professionals, and retirees. The area is known for its strong sense of community and friendly atmosphere. Housing Market The housing market in Frankville, Alabama, is currently stable, with a variety of housing options available for potential buyers. With the assistance of FHA Down Payment programs, individuals can more easily afford homeownership in this charming town. Main Attractions Frankville, Alabama, offers a range of attractions, including the beautiful Frankville Park, which provides residents with opportunities for outdoor recreation and leisure. Additionally, the town features local eateries, shops, and cultural events that showcase its unique charm.
Benefits of FHA Down Payment Assistance Home Loan in Frankville, Alabama
