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 Henagar, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Henagar, AL provides a financial boost to eligible homebuyers in Henagar, 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 Henagar, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Henagar, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Henagar, 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 Henagar, 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 Henagar, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Henagar, 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 Henagar, 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 Henagar, 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 in Henagar, Alabama offers several benefits to potential home buyers. The program provides financial assistance to those who may not have enough savings for a traditional down payment, making homeownership more accessible. Demographically, Henagar is a small town located in DeKalb County with a population of approximately 2,344 residents. The community is close-knit, with a mix of families and retirees, creating a friendly and welcoming atmosphere. In terms of the housing market, Henagar offers a range of housing options, from single-family homes to quaint cottages. The real estate market is relatively stable, with affordable home prices compared to neighboring areas, making it an attractive location for first-time buyers. Some main attractions in Henagar include the DeSoto State Park, which offers hiking trails and scenic views, and the Henagar Drive-In Theatre, a popular spot for movie enthusiasts. The town also hosts annual events like the Sand Mountain Potato Festival, showcasing local culture and traditions.
Benefits of FHA Down Payment Assistance in Henagar, Alabama
