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 Daphne, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Daphne, AL provides a financial boost to eligible homebuyers in Daphne, 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 Daphne, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Daphne, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Daphne, 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 Daphne, 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 Daphne, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Daphne, 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 Daphne, 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 Daphne, 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.
Obtaining an FHA Down Payment Assistance Home Loan in Daphne, Alabama comes with a multitude of benefits. This type of loan allows for a lower down payment requirement, making it more accessible for first-time homebuyers to enter the housing market. Additionally, FHA loans offer competitive interest rates and terms, providing borrowers with financial flexibility and affordability. Demographically, Daphne, Alabama, is a diverse and growing community. With a mix of young professionals, families, and retirees, the city offers a vibrant and welcoming atmosphere. The median household income is above the national average, reflecting a stable economy and job market, making it an attractive location for prospective homeowners. The housing market in Daphne, Alabama, is on the rise, with a steady increase in property values and a high demand for housing. The city offers a range of housing options, from historic homes to modern developments, catering to various preferences and budgets. The FHA Down Payment Assistance Home Loan can help buyers take advantage of these opportunities and secure their dream home. Some main attractions in Daphne include the picturesque Bayfront Park, perfect for outdoor activities and relaxation, as well as the vibrant Eastern Shore Centre for shopping and dining. The city's proximity to the Gulf Coast beaches and Mobile Bay provides residents with endless recreational possibilities, making Daphne a desirable place to live and invest in property.
Benefits of FHA Down Payment Assistance Home Loan in Daphne, Alabama
