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 Cardiff, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Cardiff, AL provides a financial boost to eligible homebuyers in Cardiff, 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 Cardiff, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Cardiff, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Cardiff, 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 Cardiff, 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 Cardiff, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Cardiff, 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 Cardiff, 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 Cardiff, 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 Loans offer numerous benefits to prospective home buyers in Cardiff, Alabama. One of the key advantages is the lower down payment requirement, making homeownership more accessible to a wider range of individuals. This program also provides competitive interest rates, helping to reduce the overall cost of purchasing a home. Demographically, Cardiff, Alabama, is a diverse community with a mix of young professionals, families, and retirees. The area boasts a strong sense of community and a range of amenities, including parks, schools, and shopping centers, making it an ideal location for individuals and families looking to settle down. In terms of the housing market, Cardiff offers a variety of housing options to suit different budgets and preferences. The market is generally stable, with a steady demand for both rental and purchase properties. With the assistance of FHA Down Payment Loans, potential homeowners can take advantage of the current market conditions to find their dream home in Cardiff. Main attractions in Cardiff, Alabama, include the picturesque Oak Mountain State Park, which offers hiking, biking, and camping opportunities amidst stunning natural landscapes. Additionally, the Birmingham Zoo and the Birmingham Botanical Gardens are popular destinations for families and nature enthusiasts alike.
Benefits of FHA Down Payment Assistance Home Loan in Cardiff, Alabama
