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 Lanett, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lanett, AL provides a financial boost to eligible homebuyers in Lanett, 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 Lanett, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lanett, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lanett, 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 Lanett, 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 Lanett, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lanett, 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 Lanett, 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 Lanett, 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 Lanett, Alabama offers numerous benefits to homebuyers. It allows for a lower down payment compared to conventional loans, making homeownership more accessible. Additionally, FHA loans have competitive interest rates and flexible credit requirements, making them an attractive option for first-time homebuyers. Demographically, Lanett, Alabama is a diverse community with a population that values homeownership. The city has a mix of residents from different backgrounds, creating a vibrant and welcoming atmosphere. Lanett is known for its strong sense of community and friendly neighborhoods, making it an ideal place for families and individuals looking to settle down. The housing market in Lanett, Alabama is currently experiencing steady growth and favorable conditions for buyers. With the help of FHA Down Payment Assistance programs, more individuals and families can afford to buy homes in Lanett. The city offers a variety of housing options, from single-family homes to condos and apartments, catering to different preferences and budgets. Some main attractions in Lanett, Alabama include the Chattahoochee River, which provides opportunities for outdoor activities such as fishing and boating. The city also boasts numerous parks and recreational facilities, making it a great place for nature lovers and outdoor enthusiasts. Additionally, Lanett is home to historic sites and cultural attractions that showcase the city's rich heritage and offer insight into its past.
Benefits of FHA Down Payment Assistance Home Loan in Lanett, Alabama
