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 Glen Allen, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Glen Allen, AL provides a financial boost to eligible homebuyers in Glen Allen, 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 Glen Allen, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Glen Allen, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Glen Allen, 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 Glen Allen, 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 Glen Allen, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Glen Allen, 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 Glen Allen, 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 Glen Allen, 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 Glen Allen, Alabama, offer benefits such as lower down payment requirements, allowing prospective homeowners to purchase a property with as little as 3.5% down. This enables more individuals and families to achieve the dream of homeownership, particularly first-time buyers or those with limited savings. Glen Allen, Alabama, boasts a diverse population with a mix of families, young professionals, and retirees. The town offers a welcoming community atmosphere with access to quality schools, parks, and recreational facilities, making it an ideal place to raise a family or settle down. The housing market in Glen Allen, Alabama, is currently experiencing steady growth, with a range of affordable housing options available for buyers. The town offers a mix of single-family homes, townhouses, and apartments, catering to various preferences and budgets. Some main attractions in Glen Allen include the picturesque Glen Allen Park, where residents can enjoy outdoor activities such as hiking, picnicking, and sports. Additionally, the town is known for its charming downtown area, featuring local shops, restaurants, and community events that showcase the town's vibrant culture.
FHA Down Payment Assistance Home Loan Benefits in Glen Allen, Alabama
