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 Bon Air, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bon Air, AL provides a financial boost to eligible homebuyers in Bon Air, 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 Bon Air, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bon Air, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bon Air, 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 Bon Air, 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 Bon Air, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bon Air, 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 Bon Air, 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 Bon Air, 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 Bon Air, Alabama offers reduced down payment requirements, making home ownership more accessible. This can be especially beneficial for first-time homebuyers or those with limited funds for a down payment. Demographics in Bon Air, Alabama show a diverse community with a mix of families and professionals. The town has a strong sense of community and pride, which creates a welcoming environment for new residents. The housing market in Bon Air offers a range of affordable options for buyers. With the FHA Down Payment Assistance program, individuals can qualify for loans with lower credit scores and down payments, expanding the pool of potential homeowners and contributing to the growth of the community. Main attractions in Bon Air include its beautiful parks, local shops, and outdoor recreational activities. The town's proximity to natural reserves and historical sites provide residents with ample opportunities for leisure and exploration.
Benefits of FHA Down Payment Assistance Home Loan in Bon Air, Alabama
