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 Phil Campbell, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Phil Campbell, AL provides a financial boost to eligible homebuyers in Phil Campbell, 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 Phil Campbell, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Phil Campbell, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Phil Campbell, 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 Phil Campbell, 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 Phil Campbell, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Phil Campbell, 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 Phil Campbell, 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 Phil Campbell, 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: An FHA Down Payment Assistance Home Loan can help individuals achieve homeownership by offering a lower down payment requirement, making it more accessible for first-time buyers. This program also provides competitive interest rates and allows for lower credit scores compared to traditional loans. Demographics: Phil Campbell, Alabama, has a population of approximately X residents and is known for its tight-knit community feel. The town is made up of diverse demographics, including families, young professionals, and retirees, creating a welcoming environment for individuals from all walks of life. Housing Market: The housing market in Phil Campbell offers a range of options, from cozy single-family homes to spacious properties, catering to various preferences. With the assistance of FHA loans, potential buyers can explore affordable housing options and embark on their journey to becoming homeowners. Main Attractions: Some of the main attractions in Phil Campbell include the scenic Dismals Canyon, perfect for outdoor enthusiasts, and the Rock Bridge Canyon Equestrian Park, ideal for those who enjoy horseback riding and camping. Additionally, the town boasts charming local shops and eateries, adding to its small-town charm.
FHA Down Payment Assistance Home Loan in Phil Campbell, Alabama
