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 Cordova, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Cordova, AL provides a financial boost to eligible homebuyers in Cordova, 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 Cordova, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Cordova, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Cordova, 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 Cordova, 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 Cordova, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Cordova, 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 Cordova, 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 Cordova, 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 Loan in Cordova, Alabama offers several benefits to homebuyers. It allows for a lower down payment requirement, making home ownership more accessible. Additionally, FHA loans often have lower credit score requirements compared to conventional loans, enabling more individuals to qualify for financing. The assistance programs available with FHA loans can also help cover closing costs, reducing the financial burden on buyers. Demographics: Cordova, Alabama, is a small town with a population of approximately 2,000 residents. The community is diverse, with a mix of families, professionals, and retirees. The town's close-knit atmosphere and friendly neighbors make it an ideal place for individuals looking for a tight community bond. Housing Market: The housing market in Cordova, Alabama, is stable and offers a range of options for buyers. From cozy single-family homes to spacious properties, there is something for everyone. The median home price is affordable, making it an attractive location for first-time buyers and those looking to downsize. Main Attractions: Cordova, Alabama, is known for its natural beauty and outdoor recreational opportunities. Residents can enjoy hiking and fishing at the nearby Lewis Smith Lake, or explore the scenic trails at the Bankhead National Forest. The town also hosts community events, farmer's markets, and local shops that add charm to the area.
Benefits of FHA Down Payment Assistance Home Loan in Cordova, Alabama
