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 Billingsley, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Billingsley, AL provides a financial boost to eligible homebuyers in Billingsley, 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 Billingsley, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Billingsley, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Billingsley, 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 Billingsley, 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 Billingsley, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Billingsley, 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 Billingsley, 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 Billingsley, 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 loans offer a great option for first-time homebuyers or those with less-than-perfect credit. With down payment assistance available, prospective homeowners in Billingsley, Alabama, can access the housing market more easily. Demographics in Billingsley include a population of approximately 1448 residents as of the latest census data. The town boasts a close-knit community with a median household income of $44,375, making it an affordable option for homebuyers. The housing market in Billingsley is characterized by affordable housing options, with a median home value of $98,700. With FHA down payment assistance, buyers can achieve homeownership with lower upfront costs and competitive interest rates. Main attractions in Billingsley include the picturesque Billingsley Park, offering recreational activities for residents. The town also features historic landmarks like the Billingsley School, providing a glimpse into the area's rich history.
Benefits of FHA Down Payment Assistance Home Loan in Billingsley, Alabama
