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 Fairhope, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Fairhope, AL provides a financial boost to eligible homebuyers in Fairhope, 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 Fairhope, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Fairhope, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Fairhope, 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 Fairhope, 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 Fairhope, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Fairhope, 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 Fairhope, 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 Fairhope, 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.
Benefits of FHA Down Payment Assistance Home Loan 1. Low Down Payment: FHA loans offer a low down payment requirement, making homeownership more accessible. 2. Flexible Credit Requirements: These loans are more lenient regarding credit scores compared to conventional loans. 3. Down Payment Assistance: Additional financial support is available to help with the down payment, easing the burden on buyers. Demographics Fairhope, Alabama, is a charming city with a population of approximately 23,000 residents. The city boasts a mix of young professionals, families, and retirees, creating a diverse community. Housing Market The housing market in Fairhope is thriving, with a range of housing options from historic homes to modern developments. The median home price is around $300,000, making it an attractive location for first-time buyers and investors alike. Main Attractions Fairhope is known for its scenic views, bustling arts scene, and vibrant downtown area. Residents and visitors enjoy exploring the Fairhope Pier, attending art festivals, and dining at local restaurants offering fresh seafood.
FHA Down Payment Assistance Home Loan in Fairhope, Alabama
