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 Dothan, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Dothan, AL provides a financial boost to eligible homebuyers in Dothan, 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 Dothan, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Dothan, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Dothan, 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 Dothan, 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 Dothan, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Dothan, 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 Dothan, 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 Dothan, 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.
An FHA Down Payment Assistance Home Loan in Dothan, Alabama provides a great opportunity for first-time homebuyers or those with limited savings to achieve homeownership. This program offers lower down payment requirements, competitive interest rates, and easier qualification criteria compared to conventional loans. Dothan, Alabama, with a population of around 70,000, boasts a diverse demographic profile. The city has a mix of young professionals, families, and retirees, contributing to a vibrant community. The median household income in Dothan is around $45,000, making it an affordable place to live. The housing market in Dothan, Alabama, is favorable for buyers. With the FHA Down Payment Assistance Home Loan, individuals can take advantage of affordable housing options, stable property values, and a growing real estate market. The city offers a range of housing styles, from historic homes to modern developments. Dothan, Alabama, is known for its Southern hospitality, rich history, and diverse culture. The city is home to attractions such as the Dothan Area Botanical Gardens, Landmark Park, and the Wiregrass Museum of Art, offering residents and visitors ample opportunities for recreation and entertainment.
Benefits of FHA Down Payment Assistance Home Loan in Dothan, Alabama
