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 Birmingham, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Birmingham, AL provides a financial boost to eligible homebuyers in Birmingham, 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 Birmingham, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Birmingham, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Birmingham, 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 Birmingham, 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 Birmingham, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Birmingham, 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 Birmingham, 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 Birmingham, 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: FHA loans offer low down payment options, making home ownership more accessible. Down payment assistance programs can further reduce the upfront costs for qualified buyers, making it easier to secure a loan and buy a home. Demographics: Birmingham, Alabama, is a diverse city with a population of over 200,000 residents. The city has a rich history with a blend of cultures, offering a vibrant community for both young professionals and families looking to settle down. Housing Market: Birmingham's housing market is on the rise, with a variety of affordable properties available for first-time buyers. The FHA loan program can help buyers take advantage of the growing market and secure their dream homes with minimal down payments. Main Attractions: Birmingham is known for its cultural attractions, including the Birmingham Museum of Art, Alabama Theatre, and the Birmingham Civil Rights Institute. Additionally, the city offers beautiful parks, vibrant music scene, and a booming culinary landscape for residents to enjoy.
FHA Down Payment Assistance Home Loan in Birmingham, Alabama
