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 Hollins, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Hollins, AL provides a financial boost to eligible homebuyers in Hollins, 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 Hollins, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Hollins, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Hollins, 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 Hollins, 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 Hollins, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Hollins, 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 Hollins, 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 Hollins, 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 provide numerous benefits for potential homebuyers in Hollins, Alabama. These loans offer lower down payment requirements, making homeownership more accessible to individuals who may not have significant savings for a traditional down payment. Demographically, Hollins is a diverse community with a mix of young professionals, families, and retirees. The town boasts a close-knit atmosphere and a strong sense of community, making it an ideal place to settle down and purchase a home. In terms of the housing market, Hollins offers a range of affordable options for homebuyers. The market is stable, with steady appreciation rates, making it a sound investment for those looking to purchase a home in the area. Some of the main attractions in Hollins include its picturesque parks, charming historic downtown area, and proximity to outdoor recreational activities such as hiking, fishing, and boating. Residents also enjoy easy access to shops, restaurants, and cultural events.
FHA Down Payment Assistance Home Loan Benefits in Hollins, Alabama
