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 Goodway, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Goodway, AL provides a financial boost to eligible homebuyers in Goodway, 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 Goodway, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Goodway, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Goodway, 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 Goodway, 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 Goodway, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Goodway, 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 Goodway, 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 Goodway, 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 provide an opportunity for first-time homebuyers in Goodway, Alabama, to purchase a home with a lower down payment requirement, making homeownership more accessible. Demographics in Goodway, Alabama, show a small, close-knit community with a population that values a slower pace of life. The town boasts a diverse population with a mix of generational families and newcomers attracted to the area's charm and tranquility. The housing market in Goodway, Alabama, offers a range of affordable options for potential homeowners. With the assistance of FHA loans, residents can find homes that meet their needs without the burden of a large down payment, making the dream of homeownership a reality. Goodway, Alabama, is known for its serene natural beauty and outdoor recreational activities. Residents can enjoy exploring nearby parks, hiking trails, and local attractions while being part of a welcoming community that embraces its Southern hospitality.
Benefits of FHA Down Payment Assistance Home Loan in Goodway, Alabama
