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 Addison, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Addison, AL provides a financial boost to eligible homebuyers in Addison, 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 Addison, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Addison, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Addison, 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 Addison, 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 Addison, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Addison, 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 Addison, 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 Addison, 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.
One of the key benefits of FHA Down Payment Assistance home loans in Addison, Alabama is the lower down payment requirement, allowing prospective home buyers to purchase a property with as little as 3.5% down. This makes homeownership more accessible and achievable for many individuals and families who may not have substantial savings. Additionally, FHA loans offer competitive interest rates and flexible credit requirements, making them suitable for a wide range of borrowers. The down payment assistance programs further support buyers in covering closing costs, making the home buying process more affordable. Furthermore, these loans often come with the option for rehabilitation financing, allowing borrowers to include renovation costs in their mortgage. This is particularly beneficial for buyers looking to invest in fixer-upper properties and customize their homes according to their preferences. Demographics of Addison, Alabama Addison, Alabama, is a small town with a population of approximately 750 residents. The community is known for its tight-knit atmosphere and friendly neighbors, making it an ideal place to raise a family or enjoy a peaceful retirement. Housing Market in Addison, Alabama The housing market in Addison offers a mix of traditional single-family homes, cozy cottages, and spacious ranch-style properties. With the assistance of FHA loans, buyers have a greater opportunity to explore these housing options and find a home that fits their lifestyle and budget. Main Attractions in Addison, Alabama While Addison is a small town, it boasts several attractions such as the beautiful Smith Lake, perfect for water activities and picnics. The town also has local shops, cafes, and parks that contribute to its charm and appeal.
The Benefits of FHA Down Payment Assistance Home Loan in Addison, Alabama
