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 Phenix City, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Phenix City, AL provides a financial boost to eligible homebuyers in Phenix City, 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 Phenix City, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Phenix City, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Phenix City, 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 Phenix City, 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 Phenix City, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Phenix City, 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 Phenix City, 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 Phenix City, 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: The FHA Down Payment Assistance Home Loan program in Phenix City, Alabama offers first-time homebuyers the opportunity to secure a home with a lower down payment, making homeownership more accessible. This program also provides competitive interest rates and lenient credit requirements, making it an attractive option for many buyers. Demographics: Phenix City, Alabama, is a diverse community with a population that includes both young families and retirees. The city has a mix of urban and suburban neighborhoods, offering a range of housing options to suit different preferences and budgets. Housing Market: The housing market in Phenix City is currently experiencing steady growth, with a variety of properties available for sale. Home prices are relatively affordable compared to neighboring areas, making it an ideal location for first-time buyers looking to invest in real estate. Main Attractions: Phenix City is home to a number of attractions, including the beautiful Chattahoochee Riverwalk, the historic Phenix City Amphitheater, and various parks and recreational facilities. The city also boasts a vibrant dining scene, with a mix of local eateries and well-known chains.
FHA Down Payment Assistance Home Loan in Phenix City, Alabama
