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 University, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Auburn University, AL provides a financial boost to eligible homebuyers in Auburn University, 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 University, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Auburn University, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Auburn University, 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 University, 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 University, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Auburn University, 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 University, 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 University, 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 Loan in Auburn University offers numerous benefits to prospective homebuyers. This loan program allows individuals with lower credit scores and incomes to qualify for a mortgage, making homeownership more accessible. Additionally, FHA loans often require a lower down payment, reducing the initial financial burden on buyers. Demographics The city of Auburn, Alabama, home to Auburn University, boasts a diverse population with a strong sense of community. The area is known for its high-quality schools, making it an attractive destination for families. With a mix of young professionals, students, and long-time residents, Auburn offers a vibrant and welcoming environment. Housing Market The housing market in Auburn University is thriving, with a range of housing options to suit various preferences and budgets. The FHA Down Payment Assistance Home Loan can help prospective buyers navigate this competitive market by providing financial support and flexibility in the home buying process. Main Attractions In addition to its academic prestige, Auburn University offers a range of cultural and recreational attractions. The Jule Collins Smith Museum of Fine Art, Chewacla State Park, and the Jordan-Hare Stadium, home to the Auburn Tigers football team, are just a few of the highlights that make Auburn a desirable place to live.
Benefits of FHA Down Payment Assistance Home Loan in Auburn University, Alabama
