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 Fultondale, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Fultondale, AL provides a financial boost to eligible homebuyers in Fultondale, 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 Fultondale, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Fultondale, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Fultondale, 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 Fultondale, 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 Fultondale, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Fultondale, 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 Fultondale, 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 Fultondale, 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 Fultondale, Alabama, offer low down payment requirements, making homeownership more accessible to a broader range of individuals. This can help first-time homebuyers and those with limited savings to purchase a property. Demographically, Fultondale, Alabama, has a diverse population with a mix of families, young professionals, and retirees. The city's community is known for its friendly atmosphere and strong sense of neighborhood pride. In terms of the housing market, Fultondale offers a range of options from single-family homes to apartments and condos. The market is stable, with moderate appreciation rates, making it a favorable location for both investors and those looking to settle down. Some main attractions in Fultondale include Black Creek Park, a beautiful outdoor space for recreation, and the Fultondale Arts Council, which hosts various cultural events throughout the year. Additionally, the city is close to Birmingham, providing residents with easy access to city amenities.
Benefits of FHA Down Payment Assistance Home Loan in Fultondale, Alabama
