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 Jemison, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Jemison, AL provides a financial boost to eligible homebuyers in Jemison, 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 Jemison, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Jemison, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Jemison, 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 Jemison, 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 Jemison, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Jemison, 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 Jemison, 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 Jemison, 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 Jemison, Alabama provides numerous benefits to prospective homebuyers. These loans allow buyers to purchase a home with a lower down payment, making homeownership more accessible. The assistance program can also help borrowers secure more favorable terms, such as lower interest rates and reduced closing costs. Jemison, Alabama, is a quaint town with a diverse demographic profile. The population is a mix of families, young professionals, and retirees, creating a vibrant community atmosphere. The town offers a range of amenities, including schools, parks, and shopping centers, making it an attractive place to live for individuals of all ages. The housing market in Jemison, Alabama, is stable and offers a variety of affordable housing options. The town features a mix of single-family homes, townhouses, and apartments, catering to different preferences and budgets. The real estate market is growing steadily, presenting opportunities for both buyers and sellers in the area. Jemison, Alabama, boasts several main attractions that provide recreational and leisure opportunities for residents. The town is home to beautiful parks, cultural sites, and outdoor activities, making it an ideal place for nature lovers and outdoor enthusiasts. Additionally, Jemison's proximity to major cities offers residents easy access to urban amenities and entertainment options.
Benefits of FHA Down Payment Assistance Home Loan in Jemison, Alabama
