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 Abbeville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Abbeville, AL provides a financial boost to eligible homebuyers in Abbeville, 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 Abbeville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Abbeville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Abbeville, 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 Abbeville, 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 Abbeville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Abbeville, 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 Abbeville, 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 Abbeville, 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 offer several benefits to homebuyers in Abbeville, Alabama. These loans require a lower down payment, making homeownership more accessible to individuals who may not have large savings. Additionally, FHA loans have competitive interest rates and flexible qualification requirements, which can be advantageous for first-time homebuyers or those with less-than-perfect credit. Demographics: Abbeville, Alabama has a population of approximately X, with a median age of X. The majority of residents are employed in industries such as X, X, and X. The town has a diverse community, with a mix of ethnicities and backgrounds, contributing to a vibrant and welcoming atmosphere. Housing Market: The housing market in Abbeville is stable, with a median home price of X. The market offers a range of housing options, from historic homes to modern developments. With the assistance of FHA loans, prospective buyers can explore these opportunities with reduced financial barriers. Main Attractions: Abbeville boasts a rich historical heritage, with attractions such as X, X, and X. The town also offers outdoor recreational activities, including X and X, making it an ideal place for nature enthusiasts and history lovers alike.
Benefits of FHA Down Payment Assistance Home Loan in Abbeville, Alabama
