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 Sulligent, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Sulligent, AL provides a financial boost to eligible homebuyers in Sulligent, 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 Sulligent, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Sulligent, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Sulligent, 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 Sulligent, 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 Sulligent, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Sulligent, 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 Sulligent, 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 Sulligent, 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.
Benefits of FHA Down Payment Assistance Home Loan: An FHA loan provides a low down payment option, making homeownership more accessible. The assistance program allows for lower credit scores and higher debt-to-income ratios, ideal for first-time homebuyers. Demographics: Sulligent, Alabama, is a small town with a close-knit community. The population is diverse, with a mix of families, young professionals, and seniors. The town offers a peaceful and relaxed environment, perfect for those seeking a quieter lifestyle. Housing Market: Sulligent's housing market is affordable, with a range of options from single-family homes to apartments. The FHA loan program can help buyers secure a home in this market. With low interest rates and favorable terms, it's an excellent time to invest in a property in Sulligent. Main Attractions: Despite its small size, Sulligent boasts charming local attractions such as parks, historical sites, and community events. The town's proximity to natural areas like the Sipsey Wilderness offers outdoor recreation opportunities for residents and visitors alike.
FHA Down Payment Assistance Home Loan in Sulligent, Alabama
