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 Cragford, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Cragford, AL provides a financial boost to eligible homebuyers in Cragford, 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 Cragford, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Cragford, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Cragford, 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 Cragford, 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 Cragford, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Cragford, 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 Cragford, 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 Cragford, 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.
Benefits: FHA loans provide low down payment options, making homeownership more accessible. Down payment assistance programs offer financial support to help cover upfront costs, reducing the financial burden on home buyers. These loans also have competitive interest rates and flexible qualification requirements. Demographics: Cragford, Alabama, has a population of approximately 1,000 residents. The community is diverse, with a mix of age groups and family sizes. The median household income is $45,000, and the cost of living is affordable, making it an attractive place for first-time homebuyers. Housing Market: The housing market in Cragford is favorable for buyers, with a range of options from single-family homes to condos. The median home price is $120,000, offering affordable homeownership opportunities. The market is stable, with steady appreciation rates, making it a sound investment choice. Main Attractions: Cragford is known for its natural beauty, with scenic parks and outdoor recreational areas. Lake Wedowee is a popular spot for fishing and water sports. The community also has historical sites, local shops, and friendly neighborhood events, creating a welcoming and vibrant atmosphere for residents.
Benefits of FHA Down Payment Assistance Home Loan in Cragford, Alabama
