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 Clio, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Clio, AL provides a financial boost to eligible homebuyers in Clio, 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 Clio, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Clio, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Clio, 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 Clio, 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 Clio, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Clio, 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 Clio, 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 Clio, 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 an FHA Down Payment Assistance Home Loan in Clio, Alabama is the opportunity it provides for homebuyers to purchase a home with a lower down payment requirement. This program can help individuals and families who may not have substantial savings to achieve their dream of homeownership. Demographically, Clio, Alabama is a charming small town with a tight-knit community. The population consists of a mix of ages, with families, retirees, and young professionals all finding their place in this welcoming environment. In terms of the housing market, Clio offers a range of affordable housing options, from quaint single-family homes to spacious properties with land. The FHA Down Payment Assistance Home Loan can make these homes even more accessible to potential buyers, contributing to the growth and stability of the local real estate market. Some main attractions in Clio include the beautiful local parks, historical sites that offer a glimpse into the town's past, and friendly local businesses that add to the town's unique charm. With its peaceful setting and community-oriented atmosphere, Clio is a wonderful place to call home.
FHA Down Payment Assistance Home Loan in Clio, Alabama
