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 Boaz, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Boaz, AL provides a financial boost to eligible homebuyers in Boaz, 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 Boaz, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Boaz, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Boaz, 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 Boaz, 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 Boaz, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Boaz, 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 Boaz, 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 Boaz, 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 Loans offer multiple benefits for homebuyers in Boaz, Alabama. These loans provide an opportunity for individuals with limited savings to achieve homeownership by offering lower down payment requirements compared to conventional loans. FHA loans also have more flexible credit score requirements, making them accessible to a wider range of people. Demographically, Boaz, Alabama, is a vibrant community with a mix of residents, including young families, professionals, and retirees. The city has a strong sense of community and offers various amenities, including parks, schools, and shopping centers, making it an attractive place to live for people of all ages. In terms of the housing market, Boaz, Alabama, presents a favorable environment for homebuyers. The city offers a range of housing options, from single-family homes to apartments, catering to different preferences and budgets. The real estate market in Boaz is stable, with steady appreciation rates, making it a sound investment for potential homeowners. Some of the main attractions in Boaz include the Boaz Golf Club, Snead State Community College, and the Boaz Scarecrow Festival. These attractions contribute to the city's cultural and recreational offerings, providing residents with opportunities for entertainment and socialization.
The Benefits of FHA Down Payment Assistance Home Loan in Boaz, Alabama
