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 Baileyton, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Baileyton, AL provides a financial boost to eligible homebuyers in Baileyton, 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 Baileyton, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Baileyton, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Baileyton, 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 Baileyton, 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 Baileyton, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Baileyton, 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 Baileyton, 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 Baileyton, 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 Baileyton, Alabama offer numerous benefits for potential homebuyers. These loans require a lower down payment, making homeownership more accessible for individuals and families. Additionally, FHA loans typically have lower credit score requirements, providing opportunities for those with less-than-perfect credit to still qualify for a mortgage. Baileyton, Alabama, is a small town with a tight-knit community. The town has a population of approximately 700 residents, creating a friendly and welcoming atmosphere. The demographics of Baileyton consist mainly of families and individuals looking for a peaceful and affordable place to call home. The housing market in Baileyton offers a mix of new constructions and traditional homes. With the help of FHA Down Payment Assistance Home Loans, potential buyers can find a variety of housing options within their budget. The real estate market in Baileyton is stable and growing, making it an attractive location for both first-time homebuyers and investors. While Baileyton may be small, it has its charm and attractions. The town is known for its beautiful scenery, including lush greenery and rolling hills. Outdoor enthusiasts can enjoy hiking, fishing, and other recreational activities in the surrounding areas. Additionally, Baileyton is home to local shops, restaurants, and community events that bring residents together.
FHA Down Payment Assistance Home Loan in Baileyton, Alabama
