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 Hayden, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Hayden, AL provides a financial boost to eligible homebuyers in Hayden, 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 Hayden, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Hayden, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Hayden, 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 Hayden, 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 Hayden, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Hayden, 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 Hayden, 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 Hayden, 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.
One of the key benefits of a FHA Down Payment Assistance Home Loan in Hayden, Alabama is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This makes homeownership more accessible to individuals who may not have substantial savings for a traditional down payment. Furthermore, borrowers with lower credit scores may qualify for FHA loans, making it easier for first-time homebuyers or those with less than perfect credit to secure financing for their home purchase. The FHA loan also offers competitive interest rates, providing long-term affordability for homeowners in Hayden. In terms of demographics, Hayden, Alabama has a population that is predominantly white, with a median household income slightly below the national average. The town boasts a close-knit community feel, perfect for families looking to settle down in a safe and friendly environment. As for the housing market, Hayden offers a mix of single-family homes, townhouses, and apartments, catering to a diverse range of housing needs. The real estate market in Hayden is stable, with steady appreciation rates, making it a good investment opportunity for potential homebuyers. Some main attractions in Hayden include the scenic Blount Springs waterfall, perfect for outdoor enthusiasts, as well as local restaurants and shops that showcase the town's charming Southern hospitality.
Benefits of FHA Down Payment Assistance Home Loan in Hayden, Alabama
