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 Glenwood, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Glenwood, AL provides a financial boost to eligible homebuyers in Glenwood, 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 Glenwood, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Glenwood, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Glenwood, 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 Glenwood, 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 Glenwood, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Glenwood, 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 Glenwood, 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 Glenwood, 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 key benefits of FHA down payment assistance home loans in Glenwood, Alabama is the accessibility it provides to homebuyers with limited funds for a down payment. This program allows individuals to qualify for a mortgage with a lower down payment requirement, making homeownership more achievable. Demographically, Glenwood, Alabama is a vibrant community with a mix of young families and retirees. The town has a strong sense of community, with residents who take pride in their neighborhood and local amenities. The population is diverse, creating a welcoming and inclusive atmosphere for all residents. In terms of the housing market, Glenwood offers a range of housing options from historic homes to modern developments. The market is relatively stable with moderate appreciation rates, making it an attractive location for both first-time buyers and those looking to invest in real estate. Some of the main attractions in Glenwood include the picturesque Glenwood Park, known for its hiking trails and picnic areas. The town also boasts a rich history, with attractions like the Glenwood Historic District offering a glimpse into its past. Additionally, local restaurants and shops provide residents with a variety of dining and shopping options.
FHA Down Payment Assistance Home Loan in Glenwood, Alabama
