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 Hodges, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Hodges, AL provides a financial boost to eligible homebuyers in Hodges, 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 Hodges, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Hodges, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Hodges, 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 Hodges, 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 Hodges, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Hodges, 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 Hodges, 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 Hodges, 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: The FHA loan program offers low down payment options, making homeownership more accessible. With down payment assistance, potential buyers can qualify for loans with lower credit scores and little savings required. Demographics: Hodges, Alabama, is a small town with a population of approximately 300 residents. The community is close-knit, with a mix of families and retirees. The town offers a peaceful and rural lifestyle, perfect for those looking to escape the hustle and bustle of city living. Housing Market: The housing market in Hodges is characterized by affordable home prices, making it an attractive option for first-time homebuyers. With the assistance of FHA loans, potential homeowners can find a variety of housing options that suit their needs and budget. Main Attractions: While Hodges is a small town, it offers proximity to outdoor attractions such as the Bankhead National Forest, where residents can enjoy hiking, camping, and fishing. The town also boasts local parks, community events, and a welcoming atmosphere for all who call it home.
FHA Down Payment Assistance Home Loan in Hodges, Alabama
