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 Gordo, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Gordo, AL provides a financial boost to eligible homebuyers in Gordo, 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 Gordo, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Gordo, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Gordo, 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 Gordo, 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 Gordo, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Gordo, 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 Gordo, 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 Gordo, 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 offer numerous benefits for homebuyers in Gordo, Alabama. These loans provide low down payment options, making homeownership more accessible. Additionally, they often have lower credit score requirements, making it easier for individuals with less-than-perfect credit to qualify for a loan. Gordo, Alabama, is a charming town with a population of approximately 1,700 residents. The town boasts a tight-knit community feel and a cost of living below the national average, making it an attractive destination for families and individuals looking to settle down in a welcoming environment. The housing market in Gordo offers a mix of affordable options, from cozy single-family homes to spacious properties. With the assistance of FHA loans, homebuyers can find their dream home at a more affordable price. The real estate market is stable, with steady growth in property values over the years. Some main attractions in Gordo include the picturesque Lake Lurleen State Park, which offers outdoor recreational activities like hiking and camping. The town also hosts local events and festivals that showcase its rich cultural heritage and provide entertainment for residents and visitors alike.
FHA Down Payment Assistance Home Loan Benefits in Gordo, Alabama
