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 Jackson, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Jackson, AL provides a financial boost to eligible homebuyers in Jackson, 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 Jackson, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Jackson, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Jackson, 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 Jackson, 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 Jackson, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Jackson, 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 Jackson, 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 Jackson, 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 Jackson, Alabama offers low down payment requirements, making homeownership more accessible to individuals and families. This program allows borrowers to qualify for a loan with a down payment as low as 3.5% of the purchase price, which is particularly beneficial for first-time homebuyers. Demographics in Jackson, Alabama show a diverse population with a mix of young families and retirees. The city has a strong sense of community and offers a range of amenities such as parks, schools, and local businesses. The cost of living is reasonable, making it an attractive option for those looking to settle down. The housing market in Jackson, Alabama is stable, with a variety of housing options available to suit different preferences and budgets. The median home price is affordable, and the market is showing steady growth, making it a good investment opportunity. The FHA Down Payment Assistance Home Loan can help buyers take advantage of these favorable market conditions. Main attractions in Jackson, Alabama include picturesque parks, historical sites, and cultural events that showcase the city's rich heritage. Residents can enjoy outdoor activities like hiking and fishing, as well as local festivals that bring the community together. With its charm and welcoming atmosphere, Jackson is a place that many are proud to call home.
Benefits of FHA Down Payment Assistance Home Loan in Jackson, Alabama
