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 Capshaw, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Capshaw, AL provides a financial boost to eligible homebuyers in Capshaw, 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 Capshaw, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Capshaw, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Capshaw, 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 Capshaw, 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 Capshaw, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Capshaw, 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 Capshaw, 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 Capshaw, 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.
Capshaw, Alabama, offers a unique opportunity for potential homeowners to take advantage of the benefits of an FHA Down Payment Assistance Home Loan. These loans provide a lower down payment requirement, making homeownership more accessible to a wider range of individuals. Additionally, borrowers may qualify for lower interest rates, reducing the overall cost of the loan and making monthly payments more affordable. In terms of demographics, Capshaw is a small, close-knit community with a population that values homeownership and community involvement. The residents of Capshaw take pride in their neighborhood and work together to create a welcoming environment for all who live there. The housing market in Capshaw is stable, with a range of options available for potential buyers. From charming single-family homes to spacious townhouses, there is something for everyone in this vibrant community. The FHA Down Payment Assistance Home Loan program can help buyers navigate the market and find their perfect home. Some main attractions in Capshaw include its close proximity to outdoor recreational opportunities, such as hiking trails and parks. Additionally, the community is home to a variety of local shops and restaurants, providing residents with everything they need right at their fingertips. With a strong sense of community and a range of housing options, Capshaw is an ideal place to call home.
FHA Down Payment Assistance Home Loan Benefits in Capshaw, Alabama
