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 Slocomb, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Slocomb, AL provides a financial boost to eligible homebuyers in Slocomb, 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 Slocomb, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Slocomb, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Slocomb, 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 Slocomb, 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 Slocomb, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Slocomb, 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 Slocomb, 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 Slocomb, 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 loans in Slocomb, Alabama provide a great opportunity for homebuyers by offering lower down payment requirements, making homeownership more accessible to a wider range of individuals. With the assistance program, borrowers can benefit from lower interest rates and more lenient credit score requirements, allowing them to secure a loan with favorable terms and become homeowners more easily. Furthermore, FHA loans also offer options for refinancing, allowing homeowners to potentially lower their monthly mortgage payments or access equity in their homes for other financial needs. Demographics Slocomb, Alabama, has a diverse population with a mix of age groups and backgrounds. The town is known for its tight-knit community, where residents come together to support local businesses and events. Housing Market The housing market in Slocomb offers a range of options for homebuyers, from historic properties to newer developments. The median home price is affordable, making it an attractive location for first-time buyers looking to invest in their future. Main Attractions Slocomb is home to various attractions, including parks, recreational facilities, and local dining spots. The town's proximity to outdoor activities like hiking and fishing also makes it an ideal place for nature enthusiasts.
Benefits of FHA Down Payment Assistance Home Loan in Slocomb, Alabama
