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 Cleveland, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Cleveland, AL provides a financial boost to eligible homebuyers in Cleveland, 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 Cleveland, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Cleveland, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Cleveland, 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 Cleveland, 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 Cleveland, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Cleveland, 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 Cleveland, 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 Cleveland, 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 low down payment options, making homeownership more accessible to individuals with limited savings. These loans come with competitive interest rates, helping borrowers save money over the life of the loan. Demographics of Cleveland, Alabama: Cleveland is a small town in Blount County, Alabama, with a population of around 2,000 residents. The town has a tight-knit community feel, with a mix of families and retirees. Housing Market: The housing market in Cleveland is diverse, with options ranging from historic homes to new developments. The median home price is affordable, making it an attractive location for first-time homebuyers. Main Attractions: Cleveland offers a range of outdoor activities, including hiking trails and parks, making it ideal for nature lovers. The town also has a strong sense of community, with local events and festivals year-round.
Benefits of FHA Down Payment Assistance Home Loan
