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 Shannon, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Shannon, AL provides a financial boost to eligible homebuyers in Shannon, 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 Shannon, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Shannon, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Shannon, 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 Shannon, 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 Shannon, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Shannon, 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 Shannon, 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 Shannon, 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.
One of the key benefits of the FHA Down Payment Assistance Home Loan in Shannon, Alabama is the opportunity for first-time homebuyers to purchase a home with a lower down payment. This can make homeownership more accessible to individuals who may not have significant savings for a traditional down payment. Demographically, Shannon, Alabama, is a vibrant community with a mix of residents across different age groups and backgrounds. The area has a strong sense of community, making it an ideal place for families and individuals looking to settle down. In terms of the housing market, Shannon, Alabama, offers a diverse range of housing options, from cozy single-family homes to spacious condos. The market is relatively stable, making it a good investment opportunity for those looking to buy property in the area. Some of the main attractions in Shannon, Alabama, include its beautiful parks, local restaurants serving delicious southern cuisine, and proximity to outdoor recreational activities like hiking and fishing. Residents can enjoy a laid-back lifestyle while still being close to urban amenities.
Benefits of FHA Down Payment Assistance Home Loan in Shannon, Alabama
