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 Delmar, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Delmar, AL provides a financial boost to eligible homebuyers in Delmar, 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 Delmar, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Delmar, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Delmar, 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 Delmar, 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 Delmar, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Delmar, 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 Delmar, 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 Delmar, 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.
One of the key benefits of utilizing an FHA down payment assistance home loan in Delmar, Alabama is the opportunity it provides to potential homeowners who may not have a large sum of money saved for a traditional down payment. This assistance can make homeownership more accessible and affordable for those in need. Demographically, Delmar, Alabama is a small town with a population of around 1,200 residents. The area has a mix of rural charm and community warmth, making it an attractive place to live for those seeking a quieter pace of life in a tight-knit community. In terms of the housing market, Delmar offers a range of housing options from quaint single-family homes to spacious properties with large yards. With the assistance of FHA loans, potential homeowners can explore these housing options with more ease and flexibility, potentially leading to increased homeownership rates in the area. Main attractions in Delmar include the picturesque Delmar Lake, popular for fishing and boating activities. The town also hosts annual community events such as the Delmar Founders Day Festival, bringing residents together for fun and celebration.
Benefits of FHA Down Payment Assistance Home Loan in Delmar, Alabama
