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 Eldridge, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Eldridge, AL provides a financial boost to eligible homebuyers in Eldridge, 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 Eldridge, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Eldridge, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Eldridge, 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 Eldridge, 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 Eldridge, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Eldridge, 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 Eldridge, 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 Eldridge, 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.
Eldridge, Alabama offers a unique opportunity for residents to benefit from FHA Down Payment Assistance Home Loans. These loans provide financial support to help individuals and families purchase homes with a lower down payment requirement, making homeownership more accessible. Demographically, Eldridge is a small and close-knit community with a population that values homeownership. The town has a mix of residents ranging from young families to retirees, creating a diverse and welcoming environment for newcomers. The local housing market in Eldridge is relatively stable, with affordable housing options for first-time buyers. The FHA Down Payment Assistance Home Loan program further enhances affordability, making it easier for residents to buy their dream home in this charming town. Some of the main attractions in Eldridge include its picturesque natural surroundings, such as parks and lakes, offering residents opportunities for outdoor recreation and relaxation. The town also boasts a rich history, with historic sites and cultural attractions for residents to explore and enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Eldridge, Alabama
