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 Petrey, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Petrey, AL provides a financial boost to eligible homebuyers in Petrey, 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 Petrey, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Petrey, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Petrey, 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 Petrey, 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 Petrey, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Petrey, 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 Petrey, 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 Petrey, 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.
1. **Benefits of FHA Down Payment Assistance Home Loan** Buying a home in Petrey, Alabama, with an FHA down payment assistance home loan provides numerous benefits, including lower down payment requirements, more lenient credit score criteria, and competitive interest rates. 2. **Demographics** With a population of approximately X, Petrey, Alabama is a close-knit rural community with a median household income of $Y. The majority of residents are families, and the area offers a peaceful and serene atmosphere for homeowners. 3. **Housing Market** The housing market in Petrey features a mix of charming single-family homes and spacious properties, with an average home price of $Z. The market is stable, making it an attractive location for first-time buyers and those looking to establish roots in a welcoming community. 4. **Main Attractions** Petrey, Alabama, boasts a variety of attractions, including beautiful parks, local diners with delicious southern cuisine, and easy access to outdoor activities like fishing and hiking. The community prides itself on its rich history and strong sense of community.
Benefits of FHA Down Payment Assistance Home Loan in Petrey, Alabama
