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 Frisco City, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Frisco City, AL provides a financial boost to eligible homebuyers in Frisco City, 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 Frisco City, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Frisco City, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Frisco City, 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 Frisco City, 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 Frisco City, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Frisco City, 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 Frisco City, 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 Frisco City, 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 lower down payment requirements, making homeownership more accessible to first-time buyers and those with limited funds. Demographics of Frisco City, Alabama, show a close-knit community with a population of around 1,300 residents. The town is known for its friendly atmosphere and strong community bonds. The housing market in Frisco City is stable, with affordable home prices compared to nearby cities. The assistance programs help buyers secure financing and achieve their dream of owning a home in this charming town. Main attractions in Frisco City include the Historic Downtown area, with quaint shops and restaurants, as well as outdoor recreational opportunities like hiking trails and parks, making it an ideal place to raise a family or enjoy a peaceful retirement.
Benefits of FHA Down Payment Assistance Home Loan in Frisco City, Alabama
