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 Fort Payne, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Fort Payne, AL provides a financial boost to eligible homebuyers in Fort Payne, 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 Fort Payne, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Fort Payne, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Fort Payne, 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 Fort Payne, 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 Fort Payne, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Fort Payne, 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 Fort Payne, 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 Fort Payne, 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 Fort Payne, Alabama provide vital financial support to help individuals and families achieve homeownership. These loans offer low down payment options, making it easier for first-time homebuyers to enter the real estate market. Demographics: Fort Payne, Alabama, is a diverse community with a population that includes young professionals, families, and retirees. The town's welcoming atmosphere and affordable living make it an attractive place to call home. Housing Market: The housing market in Fort Payne, Alabama, offers a range of options, including single-family homes, townhouses, and apartments. With the assistance of FHA home loans, prospective buyers can find affordable housing options that suit their needs and budget. Main Attractions: Fort Payne is known for its natural beauty, with attractions such as Little River Canyon National Preserve and DeSoto State Park. The town also boasts a rich history, including the nearby Sequoyah Caverns and the Fort Payne Depot Museum.
Benefits of FHA Down Payment Assistance Home Loan in Fort Payne, Alabama
