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 Kent, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Kent, AL provides a financial boost to eligible homebuyers in Kent, 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 Kent, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Kent, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Kent, 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 Kent, 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 Kent, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Kent, 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 Kent, 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 Kent, 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.
One of the main benefits of opting for an FHA down payment assistance home loan in Kent, Alabama is the lower down payment requirement. This can make homeownership more accessible for individuals who may not have a large sum of money saved for a down payment. Another advantage is the competitive interest rates offered with FHA loans. These rates are often more favorable than those of conventional loans, helping borrowers save money over the life of the loan. Additionally, FHA loans are known for being more flexible when it comes to credit score requirements. This can be beneficial for first-time homebuyers or those with less-than-perfect credit histories. Demographics Kent, Alabama has a diverse population, with a mix of age groups and ethnicities. The town has a strong sense of community and is known for its friendly residents. Housing Market The housing market in Kent, Alabama is currently experiencing growth, with a range of housing options available to suit different budgets and preferences. The median home price is affordable, making it an attractive location for potential homebuyers. Main Attractions Some main attractions in Kent include beautiful parks, historical landmarks, and a variety of restaurants showcasing local cuisine. The town also hosts community events throughout the year, bringing residents together in celebration.
Benefits of FHA Down Payment Assistance Home Loan in Kent, Alabama
