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 Auburn, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Auburn, AL provides a financial boost to eligible homebuyers in Auburn, 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 Auburn, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Auburn, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Auburn, 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 Auburn, 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 Auburn, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Auburn, 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 Auburn, 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 Auburn, 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 provide eligible buyers with the opportunity to purchase a home with a lower down payment, making homeownership more achievable. These loans often come with lower interest rates and flexible credit requirements, making them a great option for first-time homebuyers or those with less-than-perfect credit. Additionally, FHA loans require mortgage insurance, which can help protect lenders in case of borrower default, thus opening up more lending opportunities. Demographics Auburn, Alabama, boasts a diverse population with a mix of students, families, and professionals due to the influence of Auburn University. The city has a strong sense of community and pride, making it an inviting place to call home. Housing Market The housing market in Auburn is thriving, with a mix of historic homes, modern developments, and rental properties. The demand for housing is high, with prices steadily increasing, making it a competitive market for buyers. Main Attractions Auburn is known for its vibrant downtown area, offering a variety of shops, restaurants, and entertainment options. The city is also home to beautiful parks, cultural attractions, and a strong sports culture thanks to Auburn University.
Benefits of FHA Down Payment Assistance Home Loan in Auburn, Alabama
