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 Atmore, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Atmore, AL provides a financial boost to eligible homebuyers in Atmore, 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 Atmore, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Atmore, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Atmore, 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 Atmore, 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 Atmore, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Atmore, 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 Atmore, 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 Atmore, 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 key benefits of the FHA Down Payment Assistance Home Loan program in Atmore, Alabama, is that it allows eligible buyers to purchase a home with a lower down payment, typically around 3.5% of the purchase price. This makes homeownership more accessible to those who may not have large savings for a traditional down payment. Moreover, the FHA loan program offers competitive interest rates and flexible credit requirements, making it an attractive option for first-time homebuyers or those with less-than-perfect credit scores. Additionally, FHA loans are insured by the federal government, providing lenders with added security, which can result in lower interest rates for borrowers. In Atmore, Alabama, the population is diverse, with a mix of young families, professionals, and retirees. The cost of living is relatively affordable compared to larger cities, making it an appealing location for those seeking a quieter, more laid-back lifestyle. The housing market in Atmore is stable, with a variety of housing options ranging from historic homes to modern developments. The median home value is below the national average, offering opportunities for affordable homeownership. The city also boasts a low unemployment rate and a strong job market, making it an ideal place to settle down and invest in real estate. Some main attractions in Atmore include the Wind Creek Casino and Hotel, which offers gaming, dining, and entertainment options. The Atmore Historic District showcases the city's rich history, while the Little River State Forest provides outdoor recreation opportunities for nature enthusiasts.
FHA Down Payment Assistance Home Loan Benefits in Atmore, Alabama
