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 Greensboro, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Greensboro, AL provides a financial boost to eligible homebuyers in Greensboro, 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 Greensboro, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Greensboro, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Greensboro, 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 Greensboro, 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 Greensboro, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Greensboro, 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 Greensboro, 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 Greensboro, 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.
The FHA Down Payment Assistance Home Loan in Greensboro, Alabama, offers numerous benefits to potential homebuyers. One of the key advantages is the lower down payment requirement, making homeownership more accessible to those with limited funds for a large down payment. Greensboro, Alabama, has a diverse demographic profile with a mix of age groups and cultural backgrounds. The community is known for its strong sense of unity and pride, creating a welcoming environment for residents and new homeowners alike. The local housing market in Greensboro, Alabama, is stable and offers a range of affordable options for first-time buyers. The availability of FHA loans and down payment assistance programs contributes to the overall growth and stability of the real estate market in the area. In addition to its housing benefits, Greensboro boasts a variety of attractions such as historic sites, outdoor recreational areas, and cultural events. Residents can enjoy a high quality of life with access to parks, restaurants, and community activities.
FHA Down Payment Assistance Home Loan in Greensboro, Alabama
