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 Gulf Shores, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Gulf Shores, AL provides a financial boost to eligible homebuyers in Gulf Shores, 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 Gulf Shores, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Gulf Shores, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Gulf Shores, 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 Gulf Shores, 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 Gulf Shores, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Gulf Shores, 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 Gulf Shores, 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 Gulf Shores, 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.
Benefits: An FHA down payment assistance home loan in Gulf Shores, Alabama, provides opportunities for low to moderate-income families to become homeowners by reducing the upfront costs associated with purchasing a home. Demographics: Gulf Shores, Alabama, has a diverse demographic mix with a population that includes families, retirees, and young professionals attracted to the area's beach lifestyle and recreational amenities. Housing Market: The housing market in Gulf Shores offers a range of properties, from beachfront condos to single-family homes, catering to various preferences and budgets. The FHA down payment assistance program can help individuals access these housing options. Main Attractions: Gulf Shores is renowned for its beautiful white sandy beaches, vibrant restaurant scene, and numerous outdoor activities such as water sports, fishing, and golfing, making it a desirable location for both residents and tourists.
The Benefits of FHA Down Payment Assistance Home Loan in Gulf Shores, Alabama
