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 Huntsville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Huntsville, AL provides a financial boost to eligible homebuyers in Huntsville, 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 Huntsville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Huntsville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Huntsville, 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 Huntsville, 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 Huntsville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Huntsville, 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 Huntsville, 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 Huntsville, 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 loan provides low down payment options, allowing individuals with less cash on hand to become homeowners. The down payment assistance program further reduces the upfront costs associated with purchasing a home, making it more accessible for first-time buyers in Huntsville, Alabama. Huntsville, Alabama, is a vibrant city with a diverse population. With renowned educational institutions like the University of Alabama and a thriving job market, it offers a promising future for residents. The city's median household income and home values make it an attractive location for prospective buyers seeking FHA down payment assistance. The Huntsville housing market is robust, offering a range of properties suitable for different budgets and preferences. With a steady demand for housing and competitive interest rates, now is an opportune time to invest in real estate in Huntsville, especially with the assistance provided by FHA loans.
Benefits of FHA Down Payment Assistance Home Loan
