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 Ethelsville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ethelsville, AL provides a financial boost to eligible homebuyers in Ethelsville, 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 Ethelsville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ethelsville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ethelsville, 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 Ethelsville, 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 Ethelsville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ethelsville, 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 Ethelsville, 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 Ethelsville, 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 offer numerous benefits to homebuyers in Ethelsville, Alabama. These loans provide a lower down payment requirement, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often have lower credit score requirements, making them ideal for first-time homebuyers or those with less than perfect credit. Demographics in Ethelsville, Alabama show a close-knit community with a population that values the small-town feel. The area has a diverse mix of residents, including families, young professionals, and retirees. Ethelsville offers a peaceful and welcoming environment for individuals looking to settle down or raise a family. The housing market in Ethelsville, Alabama, is characterized by affordable home prices compared to neighboring areas. The market is stable, with a range of housing options available, from cozy single-family homes to spacious rural properties. This makes Ethelsville an attractive location for those seeking a balance between affordability and quality of life.
Benefits of FHA Down Payment Assistance Home Loan in Ethelsville, Alabama
