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 Decatur, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Decatur, AL provides a financial boost to eligible homebuyers in Decatur, 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 Decatur, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Decatur, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Decatur, 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 Decatur, 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 Decatur, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Decatur, 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 Decatur, 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 Decatur, 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 Loans offer numerous benefits to prospective homebuyers in Decatur, Alabama. One of the primary advantages is the lower down payment requirement, making homeownership more accessible to individuals who may not have a large sum of money saved up. Additionally, these loans often come with competitive interest rates, further reducing the overall cost of purchasing a home. Decatur, Alabama, is a diverse community with a growing population and a vibrant mix of residents. The city boasts a rich cultural heritage and a range of amenities, including excellent schools, healthcare facilities, and recreational opportunities. The demographics of Decatur reflect a blend of age groups, with a strong sense of community and pride among its residents. The housing market in Decatur is robust, offering a variety of housing options to suit different preferences and budgets. The city has seen steady growth in property values, making it an attractive location for both first-time homebuyers and real estate investors. With the assistance of FHA Down Payment Loans, buyers can take advantage of these market conditions to secure a home in Decatur.
FHA Down Payment Assistance Home Loan in Decatur, Alabama
