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 Cottondale, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Cottondale, AL provides a financial boost to eligible homebuyers in Cottondale, 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 Cottondale, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Cottondale, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Cottondale, 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 Cottondale, 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 Cottondale, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Cottondale, 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 Cottondale, 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 Cottondale, 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.
The FHA Down Payment Assistance Home Loan in Cottondale, Alabama, offers numerous benefits to homebuyers. This loan program allows for a lower down payment, making homeownership more accessible. Additionally, it provides competitive interest rates and flexible credit requirements, making it an attractive option for first-time buyers. Cottondale, Alabama, is a diverse community with a population that enjoys a mix of suburban and rural living. The area has a strong sense of community, making it an ideal place to raise a family. The demographics include a mix of age groups, with a growing number of young professionals and families choosing to call Cottondale home. The housing market in Cottondale, Alabama, offers a range of options for buyers. From single-family homes to townhouses and apartments, there is something for everyone. With the FHA Down Payment Assistance Home Loan, potential buyers can find affordable housing options that meet their needs and budget. Some main attractions in Cottondale include the beautiful outdoor spaces like Tannehill State Park, providing opportunities for hiking and picnicking. The area also boasts historical sites such as the Iron and Steel Museum of Alabama, offering a glimpse into the region's industrial past.
FHA Down Payment Assistance Home Loan in Cottondale, Alabama
