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 Silas, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Silas, AL provides a financial boost to eligible homebuyers in Silas, 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 Silas, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Silas, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Silas, 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 Silas, 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 Silas, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Silas, 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 Silas, 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 Silas, 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.
FHA Down Payment Assistance Home Loan in Silas, Alabama provides support for first-time homebuyers by offering low down payments and flexible credit requirements. This program makes homeownership more accessible and affordable for individuals and families in Silas. Demographically, Silas, Alabama, a small town in Choctaw County, has a population of approximately 500 residents. The community is known for its friendly and welcoming atmosphere, making it an ideal place for families and retirees looking for a peaceful environment. The housing market in Silas offers a variety of affordable options, including single-family homes and spacious properties. With the assistance of FHA loans, prospective buyers can take advantage of favorable interest rates and favorable loan terms, making it easier to purchase their dream home. Silas, Alabama, boasts beautiful natural scenery and outdoor recreational activities, including hiking trails, fishing spots, and community parks. The town's rich history and charming downtown area also attract visitors and residents alike, providing a unique blend of southern hospitality and small-town charm.
Benefits of FHA Down Payment Assistance Home Loan in Silas, Alabama
