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 Bellamy, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bellamy, AL provides a financial boost to eligible homebuyers in Bellamy, 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 Bellamy, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bellamy, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bellamy, 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 Bellamy, 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 Bellamy, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bellamy, 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 Bellamy, 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 Bellamy, 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 a FHA down payment assistance home loan in Bellamy, Alabama is the opportunity for first-time homebuyers and those with lower credit scores to qualify for a mortgage with a lower down payment requirement. This makes homeownership more accessible and achievable for individuals and families in the area. Bellamy, Alabama, a small town with a population of around 500, boasts a close-knit community that values its Southern charm. The demographics of Bellamy largely consist of families and retirees looking for a peaceful and serene living environment away from the hustle and bustle of larger cities. In terms of the housing market, Bellamy offers affordable housing options with a mix of single-family homes and rental properties. The market is stable, making it a great place for real estate investment or settling down. The FHA down payment assistance program can further enhance opportunities for individuals looking to buy a home in Bellamy. While Bellamy may be a small town, it has its own unique attractions such as local parks, historical sites, and community events that bring residents together. The town's rich history and natural beauty make it a delightful place to call home for those seeking a quieter and more relaxed lifestyle.
FHA Down Payment Assistance Home Loan in Bellamy, Alabama
