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 Higdon, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Higdon, AL provides a financial boost to eligible homebuyers in Higdon, 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 Higdon, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Higdon, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Higdon, 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 Higdon, 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 Higdon, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Higdon, 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 Higdon, 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 Higdon, 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.
An FHA down payment assistance home loan in Higdon, Alabama, provides a great opportunity for first-time homebuyers to achieve homeownership. This type of loan offers a low down payment requirement, as low as 3.5% of the purchase price, making it more accessible for individuals with limited savings. Additionally, FHA loans have flexible credit score requirements, making it easier for individuals with less-than-perfect credit to qualify. The loan also allows for the use of gift funds for the down payment, providing further assistance to buyers. Demographically, Higdon, Alabama, is a small rural community with a population of approximately 1,500 residents. The area boasts a tight-knit community feel, with a mix of both young families and retirees calling Higdon home. In terms of the housing market, Higdon offers a variety of affordable housing options, from single-family homes to spacious plots of land for those looking to build their dream home. The market is stable, with steady appreciation rates, making it a wise investment for potential homeowners. Main attractions in Higdon include the picturesque Higdon Park, perfect for outdoor activities and family gatherings. The nearby Little River Canyon National Preserve offers stunning views and hiking trails for nature enthusiasts.
Benefits of FHA Down Payment Assistance Home Loan in Higdon, Alabama
