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 Plantersville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Plantersville, AL provides a financial boost to eligible homebuyers in Plantersville, 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 Plantersville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Plantersville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Plantersville, 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 Plantersville, 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 Plantersville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Plantersville, 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 Plantersville, 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 Plantersville, 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.
Obtaining an FHA Down Payment Assistance Home Loan in Plantersville, Alabama comes with numerous benefits. This type of loan requires a lower down payment compared to conventional loans, making homeownership more accessible to individuals with limited savings. Additionally, the FHA loan program offers competitive interest rates, allowing borrowers to save money over the life of the loan. Demographically, Plantersville, Alabama is a small, close-knit community with a population that values traditional southern hospitality. The area boasts a diverse population, with a mix of families, young professionals, and retirees, creating a vibrant community with a strong sense of unity. In terms of the housing market, Plantersville offers a range of affordable housing options, making it an attractive location for first-time homebuyers. The real estate market in Plantersville is stable, with steady appreciation rates, providing homeowners with a sound investment opportunity. Main attractions in Plantersville include the picturesque Oak Mountain State Park, perfect for outdoor enthusiasts, and the vibrant downtown area with charming shops and restaurants. Additionally, the nearby Selma to Montgomery National Historic Trail offers a rich cultural experience for residents and visitors alike.
Benefits of FHA Down Payment Assistance Home Loan in Plantersville, Alabama
