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 Siluria, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Siluria, AL provides a financial boost to eligible homebuyers in Siluria, 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 Siluria, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Siluria, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Siluria, 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 Siluria, 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 Siluria, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Siluria, 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 Siluria, 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 Siluria, 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.
An FHA Down Payment Assistance Home Loan in Siluria, Alabama, provides numerous benefits such as lower down payment requirements, competitive interest rates, and easier qualification criteria, making homeownership more achievable for a broader range of individuals. Siluria, Alabama, is a charming town with a diverse demographic profile. The population consists of a mix of families, young professionals, and retirees, contributing to a vibrant community atmosphere. The housing market in Siluria, Alabama, offers a variety of options from historic homes to modern developments. With the assistance of FHA loans, first-time buyers can find affordable housing options in the area, contributing to the growth and stability of the local real estate market. Main attractions in Siluria include the picturesque Siluria Mill Park, offering scenic views and recreational activities for residents and visitors. Additionally, the town boasts a rich historical heritage, evident in its well-preserved landmarks and museums.
Benefits of FHA Down Payment Assistance Home Loan in Siluria, Alabama
