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 Toney, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Toney, AL provides a financial boost to eligible homebuyers in Toney, 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 Toney, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Toney, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Toney, 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 Toney, 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 Toney, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Toney, 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 Toney, 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 Toney, 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 Toney, Alabama provide eligible homebuyers with the opportunity to purchase a home with a lower down payment, helping to make homeownership more attainable. Demographics in Toney, Alabama show a diverse community with a mix of families, young professionals, and retirees. The area boasts a moderate cost of living and a strong sense of community. The housing market in Toney, Alabama offers a range of options from single-family homes to apartments. With the assistance of FHA down payment programs, more individuals and families can find affordable housing solutions. Main attractions in Toney, Alabama include the beautiful outdoors with parks and hiking trails, as well as local shops and restaurants that celebrate the area's culture and heritage.
The Benefits of FHA Down Payment Assistance Home Loans in Toney, Alabama
