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 Millry, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Millry, AL provides a financial boost to eligible homebuyers in Millry, 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 Millry, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Millry, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Millry, 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 Millry, 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 Millry, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Millry, 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 Millry, 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 Millry, 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 loans in Millry, Alabama offer several benefits for homebuyers. These loans provide lower down payment requirements, making homeownership more accessible. Borrowers can benefit from competitive interest rates and flexible credit score requirements, increasing the chances of approval for those with less-than-perfect credit. Demographics Millry, Alabama, is a small town with a population that values community and a slower pace of life. The town's demographic is diverse, with a mix of families, young professionals, and retirees. Residents enjoy the close-knit community feel and the sense of safety and security that comes with living in a small town. Housing Market The housing market in Millry, Alabama, offers a range of options for homebuyers. With the help of FHA Down Payment Assistance loans, first-time buyers can enter the market with ease. The market is stable, with affordable prices and a variety of housing styles to choose from, including traditional single-family homes and charming bungalows. Main Attractions Millry, Alabama, may be a small town, but it offers plenty of charm and attractions for residents and visitors alike. Outdoor enthusiasts can explore the nearby natural beauty, including parks and trails perfect for hiking and biking. The town also boasts a rich history, with historic sites and museums that showcase its unique heritage.
Benefits of FHA Down Payment Assistance Home Loan in Millry, Alabama
