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 Geraldine, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Geraldine, AL provides a financial boost to eligible homebuyers in Geraldine, 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 Geraldine, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Geraldine, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Geraldine, 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 Geraldine, 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 Geraldine, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Geraldine, 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 Geraldine, 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 Geraldine, 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 Geraldine, Alabama provides numerous benefits to potential homebuyers. One of the main advantages is the lower down payment requirement, making it more accessible for first-time buyers to purchase a home. Additionally, FHA loans offer competitive interest rates, making them an attractive option for borrowers looking to save on their mortgage payments in the long run. Geraldine, Alabama, is a charming town with a population of approximately 900 residents. The community is known for its friendly atmosphere and strong sense of community spirit. The town is predominantly rural, offering a peaceful and serene setting for residents looking to escape the hustle and bustle of city life. The housing market in Geraldine, Alabama, is relatively stable, with a mix of single-family homes, townhouses, and apartments available for purchase. The median home price in the area is affordable, making it an appealing option for individuals and families looking to buy their first home or upgrade to a larger property. With the assistance of FHA loans, more people can fulfill their dream of homeownership in Geraldine. Some main attractions in Geraldine, Alabama, include the beautiful DeSoto State Park, which offers hiking trails, waterfalls, and camping facilities for outdoor enthusiasts. The town also has a rich history, with sites like the Geraldine Depot Museum showcasing the area's heritage. Additionally, residents can enjoy local shops, restaurants, and community events that add to the town's vibrant atmosphere.
Benefits of FHA Down Payment Assistance Home Loan in Geraldine, Alabama
