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 Burnwell, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Burnwell, AL provides a financial boost to eligible homebuyers in Burnwell, 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 Burnwell, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Burnwell, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Burnwell, 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 Burnwell, 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 Burnwell, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Burnwell, 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 Burnwell, 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 Burnwell, 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: One of the main advantages of an FHA loan is the low down payment requirement, making it more accessible for first-time homebuyers. Additionally, it offers competitive interest rates and flexible credit requirements, ensuring more people can qualify for a home loan. Demographics: Burnwell, Alabama, has a diverse population with a mix of families, young professionals, and retirees. The community is known for its tight-knit neighborhoods and strong sense of community, making it an ideal place to raise a family or settle down. Housing Market: Burnwell's housing market offers a range of options from cozy single-family homes to spacious townhouses. The area has seen steady growth in property values, making it a promising investment for potential homeowners. With the assistance of an FHA loan, buyers can make their dream of owning a home in Burnwell a reality. Main Attractions: Burnwell is surrounded by beautiful natural landscapes, including parks, hiking trails, and lakes, offering plenty of outdoor recreational opportunities. The town also boasts charming local shops, restaurants, and cultural events, providing a vibrant and welcoming community for residents to enjoy.
FHA Down Payment Assistance Home Loan in Burnwell, Alabama
