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 Ashford, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ashford, AL provides a financial boost to eligible homebuyers in Ashford, 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 Ashford, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ashford, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ashford, 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 Ashford, 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 Ashford, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ashford, 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 Ashford, 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 Ashford, 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 loans in Ashford, Alabama offer numerous benefits to first-time homebuyers and lower-income families. These loans allow for a lower down payment requirement, often as low as 3.5%, making homeownership more accessible to those with limited savings. Furthermore, FHA loans typically have lower credit score requirements compared to conventional loans, making them a viable option for individuals with less-than-perfect credit histories. The assistance provided can also include closing cost help, further reducing the upfront costs associated with buying a home. Demographically, Ashford, Alabama, is a small town with a population that values community and tradition. The residents are primarily families and retirees, creating a friendly and welcoming atmosphere. The town's cost of living is relatively low, making it an attractive option for those looking to settle down in a peaceful environment. In terms of the housing market, Ashford offers a range of housing options, from single-family homes to apartments, catering to various preferences and budgets. The market is stable, with steady appreciation rates, making it a sound investment opportunity for homebuyers. Some main attractions in Ashford include the Houston County Farm Center, providing agricultural education and entertainment, and the Ashford Walking Trail, offering a scenic route for outdoor activities. Additionally, the town's proximity to natural parks and recreational areas makes it an ideal location for nature lovers.
Benefits of FHA Down Payment Assistance Home Loan in Ashford, Alabama
