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 Gallion, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Gallion, AL provides a financial boost to eligible homebuyers in Gallion, 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 Gallion, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Gallion, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Gallion, 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 Gallion, 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 Gallion, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Gallion, 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 Gallion, 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 Gallion, 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 Gallion, Alabama offers numerous benefits to prospective homebuyers. This program allows individuals to purchase a home with a lower down payment, making homeownership more accessible. Additionally, FHA loans often have lower credit score requirements, making it easier for individuals with less-than-perfect credit to qualify. Gallion, Alabama, a small town with a population of approximately 1,500 residents, offers a tight-knit community feel. The town boasts a diverse demographic, with a mix of families, young professionals, and retirees, creating a welcoming and inclusive environment for all. The housing market in Gallion, Alabama, is currently stable, offering a variety of housing options ranging from cozy single-family homes to spacious estates. The median home price is affordable compared to neighboring areas, making it an attractive location for first-time homebuyers and those looking to invest in real estate.
The Benefits of FHA Down Payment Assistance Home Loan in Gallion, Alabama
