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 Columbia, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Columbia, AL provides a financial boost to eligible homebuyers in Columbia, 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 Columbia, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Columbia, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Columbia, 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 Columbia, 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 Columbia, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Columbia, 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 Columbia, 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 Columbia, 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 Columbia, Alabama, is the lower down payment requirement. This allows more individuals and families to become homeowners without needing a large upfront sum of money. Demographically, Columbia, Alabama, is a diverse community with a mix of age groups and backgrounds. The town has a growing population of young professionals attracted by the affordable housing options and scenic surroundings. In terms of the housing market, Columbia offers a range of properties, from historic homes to modern apartments. The market is relatively stable with steady growth, making it an attractive option for both buyers and investors. Some of the main attractions in Columbia include the beautiful Lake Columbia, perfect for water activities and relaxation. The town also boasts charming local shops, parks, and community events that foster a strong sense of belonging among residents.
Benefits of FHA Down Payment Assistance Home Loan in Columbia, Alabama
