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 Town Creek, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Town Creek, AL provides a financial boost to eligible homebuyers in Town Creek, 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 Town Creek, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Town Creek, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Town Creek, 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 Town Creek, 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 Town Creek, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Town Creek, 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 Town Creek, 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 Town Creek, 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 Town Creek, Alabama, provide numerous benefits to potential homeowners. These loans offer lower down payment requirements, making home ownership more accessible, particularly to first-time buyers. Additionally, FHA loans often have competitive interest rates, allowing buyers to save money in the long run. Demographics: Town Creek, located in Lawrence County, Alabama, has a population of approximately 1100 residents. The town is known for its friendly community atmosphere and a strong sense of local pride. The median household income falls around the national average, providing a stable economic base for residents. Housing Market: The housing market in Town Creek offers a diverse range of options, from historic homes to new developments. With the assistance of FHA loans, buyers can find affordable housing options that suit their needs. The market is stable, with steady appreciation rates, making it an attractive location for both investors and homeowners. Main Attractions: Town Creek offers a variety of attractions, including the Wheeler National Wildlife Refuge, where residents can enjoy outdoor activities such as hiking and bird watching. The town also hosts local festivals and events that celebrate its rich cultural heritage, providing entertainment for all ages.
Benefits of FHA Down Payment Assistance Home Loan in Town Creek, Alabama
