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 Gordon, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Gordon, AL provides a financial boost to eligible homebuyers in Gordon, 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 Gordon, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Gordon, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Gordon, 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 Gordon, 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 Gordon, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Gordon, 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 Gordon, 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 Gordon, 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 low down payment options, making homeownership more accessible to individuals with limited savings. This program provides financial assistance for first-time homebuyers, reducing the upfront costs and making it easier to qualify for a mortgage. Demographics of Gordon, Alabama, show a diverse community with a population that values homeownership. The town has a mix of young professionals, families, and retirees, creating a vibrant and welcoming environment for residents. The housing market in Gordon, Alabama, is characterized by affordable home prices and a stable growth trajectory. With the assistance of FHA loans, potential homebuyers can find attractive opportunities to purchase their dream home in this charming town. Gordon, Alabama, boasts a range of main attractions, including beautiful parks, historical sites, and local dining options. Residents can enjoy the small-town atmosphere while still being within driving distance of larger cities for added convenience.
Benefits of FHA Down Payment Assistance Home Loan in Gordon, Alabama
