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 Arley, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Arley, AL provides a financial boost to eligible homebuyers in Arley, 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 Arley, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Arley, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Arley, 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 Arley, 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 Arley, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Arley, 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 Arley, 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 Arley, 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.
The FHA Down Payment Assistance Home Loan in Arley, Alabama offers numerous benefits for potential homeowners. One key advantage is the lower down payment requirement, making homeownership more accessible to individuals with limited funds. Additionally, FHA loans often have lower credit score requirements, making them ideal for individuals with less-than-perfect credit. Demographically, Arley, Alabama, is a charming town with a population that predominantly consists of middle-aged residents and families. The community is close-knit, offering a welcoming environment for newcomers looking to set down roots. In terms of the housing market, Arley has a diverse range of properties available, from single-family homes to spacious estates. The market is stable, with reasonable property prices and a variety of options to suit different preferences and budgets. Some main attractions in Arley include the Lewis Smith Lake, known for its crystal-clear waters and opportunities for fishing and water sports. The nearby William B. Bankhead National Forest offers hiking and camping opportunities for outdoor enthusiasts.
FHA Down Payment Assistance Home Loan in Arley, Alabama
