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 Adger, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Adger, AL provides a financial boost to eligible homebuyers in Adger, 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 Adger, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Adger, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Adger, 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 Adger, 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 Adger, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Adger, 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 Adger, 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 Adger, 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 An FHA Down Payment Assistance Home Loan in Adger, Alabama can provide low to moderate-income individuals with the opportunity to become homeowners with a lower down payment requirement. FHA loans offer competitive interest rates, lower credit score requirements, and the possibility of down payment assistance programs. These loans can be an excellent option for first-time homebuyers who may not have significant savings for a traditional down payment. Demographics Adger, Alabama has a population of approximately 3,000 residents with a median household income of $45,000. The town has a diverse population mix, with a majority of residents being families and retirees. It offers a close-knit community feel with access to various amenities and services. Housing Market The housing market in Adger, Alabama is stable with a mix of single-family homes and rental properties. Home prices are affordable, making it an attractive option for individuals looking to purchase their first home. There is a range of housing options available, from cozy bungalows to spacious family homes. Main Attractions Adger offers a serene environment with access to outdoor activities such as hiking, fishing, and camping. Residents can also enjoy local parks, community events, and nearby attractions like museums and historical sites. The town's proximity to larger cities provides easy access to additional entertainment and cultural opportunities.
Benefits of FHA Down Payment Assistance Home Loan in Adger, Alabama
