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 Rucker, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Fort Rucker, AL provides a financial boost to eligible homebuyers in Fort Rucker, 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 Rucker, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Fort Rucker, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Fort Rucker, 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 Rucker, 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 Rucker, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Fort Rucker, 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 Rucker, 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 Rucker, 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.
One of the primary benefits of an FHA Down Payment Assistance Home Loan in Fort Rucker, Alabama, is the accessibility it provides to homebuyers with limited funds for a down payment. This program allows potential homeowners to secure a property with a lower upfront payment, making homeownership more achievable for many individuals and families. Additionally, FHA loans often have lower credit score requirements compared to conventional loans, making them a viable option for those with less-than-perfect credit. This flexibility expands the pool of eligible buyers and helps boost homeownership rates in Fort Rucker and the surrounding areas. Furthermore, FHA loans typically offer competitive interest rates, which can result in lower monthly mortgage payments, making homeownership more affordable in the long run. This financial assistance can provide stability and security to families seeking to establish roots in the Fort Rucker community.
Benefits of FHA Down Payment Assistance Home Loan
