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 Moulton, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Moulton, AL provides a financial boost to eligible homebuyers in Moulton, 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 Moulton, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Moulton, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Moulton, 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 Moulton, 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 Moulton, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Moulton, 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 Moulton, 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 Moulton, 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.
The FHA Down Payment Assistance Home Loan in Moulton, Alabama, provides financial help to homebuyers by offering lower down payment requirements, making homeownership more accessible. Demographics of Moulton, Alabama, indicate a population with a median age of 40, a mix of both rural and suburban lifestyles, and a community-oriented culture that fosters neighborly bonds. The housing market in Moulton, Alabama, is vibrant with a variety of housing options ranging from historic homes to modern constructions. The market shows steady appreciation, making it an attractive investment for potential homeowners. Main attractions in Moulton, Alabama, include the historic Bank Street, a hub for local businesses and cultural events, Oakville Indian Mounds Education Center that showcases Native American heritage, and the scenic Bankhead National Forest for outdoor enthusiasts.
Benefits of FHA Down Payment Assistance Home Loan in Moulton, Alabama
