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 Bay Minette, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bay Minette, AL provides a financial boost to eligible homebuyers in Bay Minette, 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 Bay Minette, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bay Minette, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bay Minette, 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 Bay Minette, 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 Bay Minette, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bay Minette, 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 Bay Minette, 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 Bay Minette, 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.
An FHA loan in Bay Minette, Alabama offers lower down payment options, making home ownership more accessible. This can be particularly beneficial for first-time homebuyers or those with limited savings. Bay Minette, Alabama, has a diverse population, with a mix of families, young professionals, and retirees. The community provides a welcoming and tight-knit environment for residents of all ages and backgrounds. The housing market in Bay Minette is relatively stable, with a range of housing options from single-family homes to apartment complexes. The availability of FHA loans with down payment assistance programs has made buying a home more achievable for many residents. Some of the main attractions in Bay Minette include the beautiful Blackburn Park, the historic Bay Minette Depot, and the scenic Bay Minette Public Library. Residents can also enjoy local restaurants, shops, and community events.
FHA Down Payment Assistance Home Loan in Bay Minette, Alabama
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