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 Killen, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Killen, AL provides a financial boost to eligible homebuyers in Killen, 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 Killen, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Killen, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Killen, 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 Killen, 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 Killen, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Killen, 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 Killen, 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 Killen, 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.
Benefits of FHA Down Payment Assistance Home Loan: The FHA program allows first-time homebuyers and those with less-than-perfect credit to qualify for a home loan with a lower down payment requirement, typically as low as 3.5%. This makes homeownership more accessible to a wider range of individuals, promoting stability and wealth-building opportunities in communities like Killen. Demographics: Killen, Alabama, is a charming town located in Lauderdale County with a population of approximately 1,100 residents. The community is known for its friendly atmosphere, strong sense of community, and excellent school system, making it an attractive place for families and retirees alike. Housing Market: The housing market in Killen offers a mix of affordable single-family homes, townhouses, and apartments. With the assistance of FHA loans, prospective homebuyers can take advantage of competitive interest rates and flexible qualification requirements, making it easier to find their dream home in the area. Main Attractions: Killen is situated near the beautiful Wilson Lake, offering residents and visitors opportunities for boating, fishing, and outdoor recreation. The town also boasts historic sites, local parks, and a variety of dining and shopping options, providing a high quality of life for its residents.
FHA Down Payment Assistance Home Loan in Killen, Alabama
