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 Foley, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Foley, AL provides a financial boost to eligible homebuyers in Foley, 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 Foley, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Foley, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Foley, 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 Foley, 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 Foley, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Foley, 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 Foley, 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 Foley, 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 in Foley, Alabama provide an opportunity for first-time homebuyers to purchase a home with a lower down payment requirement, making homeownership more accessible. Demographically, Foley, Alabama, is a diverse and vibrant community with a mix of young families, retirees, and professionals. The city offers a range of housing options suitable for various income levels and preferences. In terms of the housing market, Foley, Alabama, has experienced steady growth in property values, making it a favorable location for real estate investments. The availability of FHA Down Payment Assistance Home Loans further stimulates the housing market by increasing the pool of potential buyers. Main attractions in Foley, Alabama, include the beautiful Gulf Coast beaches, the Foley Railroad Museum, and the Tanger Outlets for shopping enthusiasts. Residents and visitors alike enjoy a charming small-town atmosphere with convenient access to amenities and recreational opportunities.
Benefits of FHA Down Payment Assistance Home Loan in Foley, Alabama
