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 Edwardsville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Edwardsville, AL provides a financial boost to eligible homebuyers in Edwardsville, 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 Edwardsville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Edwardsville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Edwardsville, 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 Edwardsville, 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 Edwardsville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Edwardsville, 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 Edwardsville, 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 Edwardsville, 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 provide a great opportunity for first-time homebuyers with limited funds. These loans offer lower down payment requirements, potentially lower credit score requirements, and competitive interest rates, making home ownership more accessible. Edwardsville, Alabama, with a population of approximately 200 residents, presents a small-town charm ideal for those seeking a peaceful community. The demographics reflect a mix of families and retirees, creating a diverse and welcoming environment for new homeowners. The housing market in Edwardsville is stable, with a range of affordable options for buyers. The median home price is below the national average, presenting an excellent opportunity for investment and long-term residency. The availability of FHA Down Payment Assistance further enhances affordability. Main attractions in Edwardsville include the scenic Talladega National Forest, offering outdoor recreational activities such as hiking and camping. The close proximity to Oxford, with its shopping centers and dining options, provides convenient amenities while still enjoying a serene residential setting.
Benefits of FHA Down Payment Assistance Home Loan in Edwardsville, Alabama
