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 Double Springs, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Double Springs, AL provides a financial boost to eligible homebuyers in Double Springs, 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 Double Springs, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Double Springs, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Double Springs, 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 Double Springs, 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 Double Springs, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Double Springs, 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 Double Springs, 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 Double Springs, 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 Double Springs, Alabama, is the lower down payment requirement, making homeownership more accessible to a wider range of individuals. This type of loan also offers competitive interest rates and flexible credit requirements, providing opportunities for those with less-than-perfect credit to qualify for a mortgage. Demographically, Double Springs, Alabama, is a small town with a population that values its close-knit community feel. The town is characterized by a mix of young families, retirees, and working professionals. The cost of living is relatively low, making it an attractive option for those looking to settle down in a welcoming and affordable environment. In terms of the housing market, Double Springs offers a diverse range of properties, including single-family homes, apartments, and townhouses. With the assistance of FHA Down Payment Assistance Home Loans, prospective buyers have more options to explore and secure suitable housing that meets their needs and budget. Some of the main attractions in Double Springs and the surrounding areas include William Bankhead National Forest, a picturesque destination for outdoor enthusiasts, and Smith Lake, known for its pristine waters and recreational activities like fishing and boating. Additionally, the town hosts various community events and festivals throughout the year, fostering a vibrant and engaging local culture.
Benefits of FHA Down Payment Assistance Home Loan in Double Springs, Alabama
