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 Chelsea, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Chelsea, AL provides a financial boost to eligible homebuyers in Chelsea, 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 Chelsea, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Chelsea, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Chelsea, 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 Chelsea, 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 Chelsea, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Chelsea, 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 Chelsea, 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 Chelsea, 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.
One of the key benefits of FHA Down Payment Assistance Home Loan in Chelsea, Alabama is the accessibility it provides to first-time homebuyers, offering low down payment options and flexible credit requirements. This makes homeownership more achievable for those with limited savings or lower credit scores. Chelsea, Alabama, a city with a population of around 14,000, boasts a young and diverse demographic profile. The median age is 35, and the community is known for its strong family-oriented environment, making it an ideal place for individuals looking to settle down and invest in their future. In terms of the housing market, Chelsea is experiencing steady growth, with a mix of established neighborhoods and new developments. The median home value is around $300,000, making it an affordable option for prospective buyers. With the assistance of FHA loans, more individuals can benefit from the thriving real estate market in the area. Some of the main attractions in Chelsea include the beautiful Oak Mountain State Park, a perfect spot for outdoor activities, and the vibrant Chelsea Community Center, offering various programs and events for residents of all ages. The city's close-knit community and range of amenities make it a desirable place to call home.
Benefits of FHA Down Payment Assistance Home Loan in Chelsea, Alabama
