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 Bessemer, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bessemer, AL provides a financial boost to eligible homebuyers in Bessemer, 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 Bessemer, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bessemer, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bessemer, 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 Bessemer, 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 Bessemer, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bessemer, 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 Bessemer, 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 Bessemer, 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.
Benefits of FHA Down Payment Assistance Home Loan: The FHA loan program provides a low down payment option, making home ownership more accessible. It also allows for lower credit scores and higher debt-to-income ratios, ideal for first-time homebuyers in Bessemer. Demographics: Bessemer, Alabama, has a diverse population with a mix of young professionals and families. The city offers a vibrant community atmosphere with a rich history and cultural heritage. Housing Market: Bessemer's housing market is currently experiencing steady growth, with affordable home prices and a variety of housing options. The FHA loan offers a great opportunity for potential buyers to invest in the city's real estate market. Main Attractions: Bessemer boasts attractions such as the Alabama Splash Adventure water park, the Bessemer Hall of History Museum, and the beautiful DeBardeleben Park, offering residents and visitors recreational and cultural opportunities.
Bessemer, Alabama: FHA Down Payment Assistance Home Loan
