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 Garden City, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Garden City, AL provides a financial boost to eligible homebuyers in Garden City, 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 Garden City, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Garden City, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Garden City, 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 Garden City, 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 Garden City, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Garden City, 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 Garden City, 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 Garden City, 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 Garden City offer various benefits such as lower down payment requirements, competitive interest rates, and easier qualification guidelines. This program makes homeownership more accessible to first-time buyers. Demographically, Garden City, Alabama, has a population that is primarily middle-class families and retirees. The community is known for its tight-knight neighborhoods and friendly atmosphere, making it an ideal place for families to settle down. The housing market in Garden City is stable with a range of affordable housing options available. The FHA Down Payment Assistance Home Loan provides additional support to potential buyers looking to invest in the area, contributing to the growth and sustainability of the real estate market. Main attractions in Garden City include the picturesque City Park, which offers recreational activities for residents of all ages. Additionally, the town hosts various local events throughout the year, fostering a sense of community and belonging among its residents.
Benefits of FHA Down Payment Assistance Home Loan in Garden City, Alabama
