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 Headland, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Headland, AL provides a financial boost to eligible homebuyers in Headland, 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 Headland, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Headland, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Headland, 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 Headland, 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 Headland, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Headland, 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 Headland, 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 Headland, 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 of FHA Down Payment Assistance Home Loan: An FHA loan in Headland, AL, can provide easier qualification and lower down payment requirements, making homeownership more attainable for first-time buyers. Demographics: Headland is a welcoming community with a population of approximately 4,000 residents. The town has a suburban-rural mix feel, and the majority of residents own their homes. Housing Market: Headland's housing market offers a variety of options, including cozy single-family homes and spacious estates. The median home value is around $150,000, making it an affordable choice for families and individuals. Main Attractions: Headland boasts a charming downtown area with local shops and restaurants. Visitors and residents can enjoy outdoor activities at the Headland City Park or explore the historical Headland Railroad Depot Museum.
FHA Down Payment Assistance Home Loan in Headland, Alabama
