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 Troy, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Troy, AL provides a financial boost to eligible homebuyers in Troy, 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 Troy, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Troy, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Troy, 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 Troy, 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 Troy, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Troy, 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 Troy, 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 Troy, 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: The FHA loan program allows for a lower down payment requirement, making homeownership more accessible to individuals who may not have substantial savings. With down payment assistance, qualified buyers in Troy, Alabama can secure their dream home without a large upfront expense. Demographics: Troy, Alabama, is a vibrant city with a diverse population. The demographic makeup includes a mix of young professionals, families, and retirees. The city's community is known for its welcoming atmosphere and strong sense of community. Housing Market: The housing market in Troy, Alabama, offers a variety of options ranging from historic homes to modern developments. With the assistance of FHA loans, potential buyers can explore affordable housing options that meet their needs and preferences. Main Attractions: Troy, Alabama, boasts a range of attractions, including the Pioneer Museum of Alabama, Troy University, and the Troy Downtown Square. Residents can enjoy outdoor activities, cultural events, and a lively arts scene in this charming southern city.
FHA Down Payment Assistance Home Loan in Troy, Alabama
