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 Bridgeport, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bridgeport, AL provides a financial boost to eligible homebuyers in Bridgeport, 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 Bridgeport, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bridgeport, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bridgeport, 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 Bridgeport, 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 Bridgeport, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bridgeport, 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 Bridgeport, 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 Bridgeport, 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.
The FHA Down Payment Assistance Home Loan in Bridgeport, Alabama provides aspiring homeowners with the opportunity to buy a house with a lower down payment requirement compared to traditional mortgages. This program opens the doors to homeownership for individuals and families who may not have the means to make a substantial down payment. Demographically, Bridgeport, Alabama, is a small town with a close-knit community. The population consists of a mix of families, young professionals, and retirees. The town offers a peaceful and friendly environment for residents to call home. In terms of the housing market, Bridgeport, Alabama, presents affordable housing options for buyers. The FHA Down Payment Assistance Home Loan can make these properties even more accessible by reducing the upfront costs associated with purchasing a home. This program can help stimulate the local real estate market and increase homeownership rates within the town. Among the main attractions in Bridgeport are the natural beauty of the surrounding mountains and the Tennessee River. Outdoor enthusiasts can enjoy activities such as hiking, fishing, and boating. Additionally, the town's historic downtown area offers charming shops and local eateries for residents to explore.
Benefits of FHA Down Payment Assistance Home Loan in Bridgeport, Alabama
