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 Douglas, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Douglas, AL provides a financial boost to eligible homebuyers in Douglas, 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 Douglas, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Douglas, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Douglas, 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 Douglas, 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 Douglas, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Douglas, 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 Douglas, 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 Douglas, 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 Loan offers numerous benefits for homebuyers in Douglas, Alabama. This program allows for a lower down payment, making home ownership more accessible to a wider range of individuals. Demographics in Douglas, Alabama, show a diverse community with a mix of age groups and ethnicities. The town has a growing population, with a focus on family-friendly neighborhoods and close-knit communities. The housing market in Douglas, Alabama, is currently competitive, with a good mix of new developments and established homes. The FHA Down Payment Assistance Home Loan can help buyers navigate this market and secure their dream home. Some main attractions in Douglas, Alabama, include the beautiful Lake Guntersville State Park, offering outdoor recreational activities such as hiking and fishing. The town also boasts a rich history, with historic sites and museums to explore.
Benefits of FHA Down Payment Assistance Home Loan in Douglas, Alabama
