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 Elberta, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Elberta, AL provides a financial boost to eligible homebuyers in Elberta, 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 Elberta, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Elberta, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Elberta, 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 Elberta, 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 Elberta, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Elberta, 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 Elberta, 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 Elberta, 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 in Elberta, Alabama offers a range of benefits such as lower down payment requirements, competitive interest rates, and increased access to homeownership for first-time buyers. Elberta, Alabama has a population of approximately 1,500 residents with a diverse demographic mix including families, retirees, and young professionals. The town is known for its friendly community atmosphere and strong sense of local pride. The housing market in Elberta, Alabama is competitive yet affordable, with a variety of housing options ranging from cozy single-family homes to spacious rural estates. The FHA Down Payment Assistance Home Loan program provides eligible buyers with the opportunity to purchase their dream home in this charming town. Some main attractions in Elberta, Alabama include the annual Elberta German Sausage Festival, a popular event that draws visitors from across the region. Additionally, residents and visitors alike enjoy outdoor activities such as fishing, boating, and exploring the natural beauty of nearby parks and wildlife reserves.
Benefits of FHA Down Payment Assistance Home Loan in Elberta, Alabama
