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 Berry, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Berry, AL provides a financial boost to eligible homebuyers in Berry, 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 Berry, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Berry, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Berry, 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 Berry, 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 Berry, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Berry, 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 Berry, 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 Berry, 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 Berry, Alabama offers several benefits. Firstly, it helps individuals who may not have a large down payment saved up to become homeowners. This type of loan also provides competitive interest rates and more lenient qualification requirements compared to conventional loans, making home ownership more accessible. Berry, Alabama, has a diverse demographic profile, with a mix of age groups ranging from young families to retirees. The town has a tight-knit community feel, great schools, and a low crime rate, making it an ideal place for families looking to settle down and individuals looking for a peaceful environment. In terms of the housing market, Berry, Alabama, offers a range of options from cozy single-family homes to larger properties, catering to various budget and lifestyle needs. The market is stable, with moderate prices and a good inventory of homes available for sale, making it a favorable location for both first-time buyers and those looking to invest in real estate. Main attractions in Berry, Alabama, include the scenic Cahaba River, perfect for outdoor activities like fishing and kayaking. The town also has historic sites, parks, and local events that showcase the rich culture and heritage of the area, providing residents with plenty of recreational opportunities.
FHA Down Payment Assistance Home Loan in Berry, Alabama
