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 Cottonwood, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Cottonwood, AL provides a financial boost to eligible homebuyers in Cottonwood, 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 Cottonwood, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Cottonwood, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Cottonwood, 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 Cottonwood, 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 Cottonwood, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Cottonwood, 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 Cottonwood, 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 Cottonwood, 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 Cottonwood, Alabama offers low down payment options, making homeownership more accessible to first-time buyers and those with limited funds for a down payment. This program allows individuals to qualify for a mortgage with a lower credit score than conventional loans. Demographically, Cottonwood, Alabama is a small town with a population of approximately 1,300 residents. The town has a friendly community atmosphere and is ideal for those seeking a peaceful and close-knit neighborhood to call home. In terms of the housing market, Cottonwood offers a mix of single-family homes, townhouses, and apartments at affordable prices. The market is stable, with a variety of options for buyers looking to invest in their first home or to downsize into a more manageable space. Main attractions in Cottonwood include the beautiful Cottonwood City Park, providing recreational activities for individuals and families, as well as the nearby Chattahoochee River for outdoor enthusiasts looking to enjoy nature and water sports.
Benefits of FHA Down Payment Assistance Home Loan in Cottonwood, Alabama
