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 Mooresville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Mooresville, AL provides a financial boost to eligible homebuyers in Mooresville, 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 Mooresville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Mooresville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Mooresville, 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 Mooresville, 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 Mooresville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Mooresville, 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 Mooresville, 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 Mooresville, 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 loans in Mooresville, Alabama, provide an excellent opportunity for aspiring homeowners to achieve their dream of buying a house with a low down payment requirement. These loans offer flexibility for those who may not have a large sum saved up for a traditional down payment. Demographically, Mooresville is a charming town located in Limestone County, Alabama, with a population of around 58,000 residents. The area boasts a mix of rural and suburban living, making it an appealing choice for families and individuals looking for a peaceful yet convenient place to call home. When it comes to the housing market in Mooresville, Alabama, there is a range of options available, from cozy single-family homes to spacious estates. With the assistance of FHA loans, potential homeowners can explore these housing opportunities with more ease and less financial strain. Main attractions in Mooresville include the picturesque Mooresville Historic District, the popular Harmony Park Safari, and the scenic Wheeler National Wildlife Refuge. Residents and visitors alike can enjoy a variety of outdoor activities, cultural events, and natural beauty in the area.
The Benefits of FHA Down Payment Assistance Home Loan in Mooresville, Alabama
