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 Brookside, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Brookside, AL provides a financial boost to eligible homebuyers in Brookside, 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 Brookside, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Brookside, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Brookside, 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 Brookside, 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 Brookside, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Brookside, 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 Brookside, 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 Brookside, 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.
1. Lower Down Payment: FHA loans offer a lower down payment requirement, making homeownership more accessible to individuals with limited savings. 2. Flexible Credit Requirements: FHA loans are more lenient when it comes to credit scores, allowing individuals with less-than-perfect credit to qualify for a mortgage. 3. Down Payment Assistance Programs: Borrowers in Brookside, Alabama may take advantage of down payment assistance programs that can further reduce the upfront costs of buying a home. Demographics: Brookside, Alabama, is a small town with a population of around 1,363 residents. The median income is $44,844, and the median age is 38 years old. Housing Market: The housing market in Brookside, Alabama, offers a mix of single-family homes and some new construction. The median home price is $125,000, making it an affordable option for first-time homebuyers. Main Attractions: Brookside is known for its picturesque parks, including the scenic Rickwood Caverns State Park and the nearby Mulberry Fork Wildlife Area. Additionally, the town hosts various community events and festivals throughout the year.
Benefits of FHA Down Payment Assistance Home Loan in Brookside, Alabama
