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 Alexandria, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Alexandria, AL provides a financial boost to eligible homebuyers in Alexandria, 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 Alexandria, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Alexandria, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Alexandria, 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 Alexandria, 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 Alexandria, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Alexandria, 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 Alexandria, 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 Alexandria, 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 Alexandria, Alabama provides a great opportunity for first-time homebuyers to achieve homeownership with a lower down payment requirement. This program allows for a down payment as low as 3.5% of the purchase price, making it easier for individuals to buy a home. Demographically, Alexandria, Alabama has a diverse population with a mix of young families, professionals, and retirees. The town has a strong sense of community, with excellent schools and parks that make it an ideal place to raise a family. In terms of the housing market, Alexandria offers a range of housing options from single-family homes to townhouses and condos. The market is competitive yet affordable, with median home prices well within reach of the average buyer. Main attractions in Alexandria include the picturesque Alexandria City Park, perfect for outdoor activities and family picnics. Additionally, the town is known for its historic downtown area with charming shops and restaurants, offering a unique blend of old-world charm and modern amenities.
Benefits of FHA Down Payment Assistance Home Loan
