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 Malcolm, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Malcolm, AL provides a financial boost to eligible homebuyers in Malcolm, 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 Malcolm, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Malcolm, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Malcolm, 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 Malcolm, 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 Malcolm, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Malcolm, 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 Malcolm, 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 Malcolm, 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 loans offer low down payment options, making homeownership more accessible to first-time buyers in Malcolm, Alabama. The down payment assistance programs help reduce the initial financial burden of purchasing a home. Demographics in Malcolm, Alabama, show a diverse community with a growing population. The area attracts young families looking for affordable housing options and a sense of community. The median household income is on the rise, indicating economic growth. The housing market in Malcolm, Alabama, is favorable for buyers due to the availability of FHA down payment assistance programs. Home prices are competitive, offering a range of options from single-family homes to townhouses. The market is stable, making it a great time to invest in a property. Main attractions in Malcolm, Alabama, include scenic parks, historic landmarks, and local eateries. Residents can enjoy outdoor activities like hiking and picnicking, as well as exploring the rich history of the area. The community prides itself on its family-friendly environment and welcoming atmosphere.
Benefits of FHA Down Payment Assistance Home Loan in Malcolm, Alabama
