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 Alexander City, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Alexander City, AL provides a financial boost to eligible homebuyers in Alexander City, 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 Alexander City, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Alexander City, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Alexander City, 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 Alexander City, 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 Alexander City, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Alexander City, 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 Alexander City, 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 Alexander City, 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 Loan in Alexander City, Alabama provides a great opportunity for individuals and families to achieve homeownership with a smaller initial financial burden. This program offers lower down payment requirements, making it more accessible for first-time home buyers. Demographics in Alexander City, Alabama reveal a diverse community with a population that is predominantly white. The median household income is slightly below the national average, making affordable housing options like FHA loans an attractive choice for many residents. The housing market in Alexander City offers a mix of historic homes and newer developments. With the help of FHA Down Payment Assistance Home Loans, potential buyers can explore various housing options while receiving financial support to make their dream of owning a home a reality. Main attractions in Alexander City include the scenic Lake Martin, popular for water activities and relaxation, as well as the Charles E. Bailey Sportplex, a hub for sports and recreational events. Residents enjoy a close-knit community feel coupled with access to modern amenities.
Benefits of FHA Down Payment Assistance Home Loan in Alexander City, Alabama
