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 Hanceville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Hanceville, AL provides a financial boost to eligible homebuyers in Hanceville, 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 Hanceville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Hanceville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Hanceville, 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 Hanceville, 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 Hanceville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Hanceville, 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 Hanceville, 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 Hanceville, 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.
One of the significant benefits of an FHA Down Payment Assistance Home Loan in Hanceville, Alabama, is the accessibility it provides to first-time homebuyers. This loan program offers low down payment options, making homeownership more affordable for individuals with limited savings. Furthermore, FHA loans have less stringent credit score requirements, increasing the chances of approval for prospective buyers. Hanceville, Alabama, is a charming town with a diverse demographic profile. The population consists of a mix of young families, retirees, and students attending the nearby Wallace State Community College. This demographic diversity creates a vibrant community atmosphere and a range of social opportunities for residents. The housing market in Hanceville is currently experiencing steady growth, with a variety of housing options available to accommodate different preferences and budgets. The median home price is competitive, making it an attractive location for both first-time homebuyers and investors looking to expand their real estate portfolios. Hanceville boasts several main attractions that make it a desirable place to live. The city is home to the renowned Shrine of the Most Blessed Sacrament, a popular pilgrimage site attracting visitors from near and far. Additionally, the nearby Ave Maria Grotto showcases intricate miniature replicas of famous religious structures, providing a unique cultural experience for residents and tourists alike.
FHA Down Payment Assistance Home Loan in Hanceville, Alabama
