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 Ardmore, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ardmore, AL provides a financial boost to eligible homebuyers in Ardmore, 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 Ardmore, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ardmore, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ardmore, 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 Ardmore, 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 Ardmore, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ardmore, 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 Ardmore, 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 Ardmore, 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 primary benefits of an FHA Down Payment Assistance Home Loan in Ardmore, Alabama is the lower down payment requirement. This can make homeownership more accessible to individuals and families who may not have substantial savings for a traditional down payment. Furthermore, these loans often have more lenient credit score requirements compared to conventional loans, making them a viable option for those with less-than-perfect credit histories. Additionally, FHA loans offer competitive interest rates, further reducing the overall cost of homeownership over the life of the loan. Demographics Ardmore, Alabama, is a charming town with a population of around 1,200 residents. The demographics of the area are predominantly white, with a mix of families and retirees contributing to the community's vibrant and tight-knit atmosphere. Housing Market The housing market in Ardmore, Alabama, is characterized by a diverse range of properties, including single-family homes, townhouses, and apartments. The average home price in Ardmore is affordable, making it an attractive option for first-time homebuyers. Main Attractions Some of the main attractions in Ardmore include the Ardmore Welcome Center, the historic Ardmore Station, and the beautiful parks and outdoor recreational areas that the town has to offer. Residents and visitors alike can enjoy a variety of dining options and local shops in the area.
Benefits of FHA Down Payment Assistance Home Loan in Ardmore, Alabama
