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 Catherine, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Catherine, AL provides a financial boost to eligible homebuyers in Catherine, 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 Catherine, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Catherine, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Catherine, 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 Catherine, 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 Catherine, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Catherine, 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 Catherine, 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 Catherine, 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 offers low down payment requirements, making homeownership more accessible. This loan program is especially beneficial for first-time homebuyers who may struggle with saving for a large down payment. In Catherine, Alabama, the population is diverse, with a mix of families, young professionals, and retirees. The town has a close-knit community feel and offers various amenities such as parks, schools, and local shops. The housing market in Catherine, Alabama, is stable with a range of options for homebuyers. With the FHA loan, buyers can secure affordable housing options and take advantage of the assistance provided for down payments, making it easier to purchase a home in this charming town. Some main attractions in Catherine include the beautiful Catherine Park, known for its walking trails and picnic areas, as well as the historic downtown area with quaint cafes and shops. The town provides a peaceful and scenic environment for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Catherine, Alabama
