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 Tanner, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Tanner, AL provides a financial boost to eligible homebuyers in Tanner, 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 Tanner, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Tanner, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Tanner, 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 Tanner, 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 Tanner, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Tanner, 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 Tanner, 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 Tanner, 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.
Utilizing an FHA down payment assistance home loan in Tanner, Alabama can make homeownership more accessible to individuals with limited funds for a down payment. This program can help lower-income families and first-time homebuyers achieve their dream of owning a home by providing financial support. Tanner, Alabama, is a vibrant community with a diverse demographic. The population consists of a mix of young professionals, families, and retirees. The area is known for its friendly neighborhoods, excellent schools, and recreational amenities, making it an ideal place to settle down and raise a family. The housing market in Tanner, Alabama, offers a range of options for potential homebuyers. From single-family homes to townhouses and condominiums, there is something for everyone in this market. Additionally, with the assistance of FHA loans, individuals can find affordable financing options to purchase their desired property. Some of the main attractions in Tanner, Alabama, include beautiful parks, shopping centers, and restaurants. The community also hosts various events throughout the year that bring residents together and create a strong sense of community spirit. With its convenient location and welcoming atmosphere, Tanner is an attractive place to call home.
The Benefits of FHA Down Payment Assistance Home Loan in Tanner, Alabama
