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 Malvern, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Malvern, AL provides a financial boost to eligible homebuyers in Malvern, 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 Malvern, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Malvern, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Malvern, 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 Malvern, 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 Malvern, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Malvern, 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 Malvern, 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 Malvern, 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: 1. Lower Down Payments: With an FHA loan, you can buy a home with a down payment as low as 3.5%, making homeownership more accessible. 2. Flexible Credit Requirements: FHA loans are available to borrowers with less-than-perfect credit scores, providing more opportunities for homebuyers. 3. Assistance Programs: FHA loans offer down payment assistance programs to help homebuyers with limited funds to purchase a home. Demographics: Malvern, Alabama, is a small rural town with a population of approximately 1,200 residents. The community is close-knit, with a mix of families, retirees, and young professionals. Housing Market: The housing market in Malvern offers a range of options, from single-family homes to townhouses. The median home price is below the national average, making it an affordable choice for first-time homebuyers. Main Attractions: Malvern is known for its scenic beauty, with opportunities for outdoor activities like hiking, fishing, and camping. The town also has a rich history, with historical sites and museums to explore.
FHA Down Payment Assistance Home Loan in Malvern, Alabama
