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 Columbiana, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Columbiana, AL provides a financial boost to eligible homebuyers in Columbiana, 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 Columbiana, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Columbiana, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Columbiana, 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 Columbiana, 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 Columbiana, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Columbiana, 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 Columbiana, 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 Columbiana, 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 in Columbiana, Alabama, provide a great opportunity for first-time homebuyers and those with limited funds to purchase a home. These loans offer lower down payment requirements, making homeownership more accessible. Demographically, Columbiana is a quaint town with a population of around 4,000 residents. The town has a mix of families, young professionals, and retirees, creating a diverse and welcoming community. In terms of the housing market, Columbiana offers a variety of housing options, from historic homes to modern developments. The market is stable, with affordable options for buyers looking to invest in real estate in a growing community. Main attractions in Columbiana include the Shelby County Courthouse, the Shelby County Museum & Archives, and the beautiful Lay Lake, providing residents with historical landmarks and recreational activities.
Benefits of FHA Down Payment Assistance Home Loan in Columbiana, Alabama
