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 Fruitdale, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Fruitdale, AL provides a financial boost to eligible homebuyers in Fruitdale, 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 Fruitdale, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Fruitdale, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Fruitdale, 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 Fruitdale, 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 Fruitdale, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Fruitdale, 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 Fruitdale, 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 Fruitdale, 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.
An FHA Down Payment Assistance Home Loan in Fruitdale, Alabama, offers various benefits for first-time homebuyers. One of the primary advantages is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This makes homeownership more accessible to individuals who may not have substantial savings. In addition to a lower down payment, FHA loans also have more lenient credit score requirements compared to conventional loans. This makes it easier for individuals with less-than-perfect credit to qualify for a mortgage, enabling more people to achieve the dream of owning a home in Fruitdale. Furthermore, FHA loans offer competitive interest rates, making them an attractive financing option for those looking to purchase a home in Fruitdale, Alabama. Combined with the down payment assistance program, these loans can provide significant savings over the life of the loan.
The Benefits of FHA Down Payment Assistance Home Loan in Fruitdale, Alabama
