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 Lafayette, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lafayette, AL provides a financial boost to eligible homebuyers in Lafayette, 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 Lafayette, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lafayette, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lafayette, 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 Lafayette, 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 Lafayette, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lafayette, 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 Lafayette, 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 Lafayette, 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 major benefits of an FHA down payment assistance home loan in Lafayette, Alabama, is that it allows potential homebuyers to purchase a property with a lower down payment requirement. This can make homeownership more accessible to individuals and families who may not have the means to save up for a traditional down payment. Furthermore, FHA loans often have lower credit score requirements compared to conventional loans, making them a viable option for individuals with less than perfect credit. This can open up the housing market to a wider range of prospective buyers and help stimulate real estate activity in the area. Another advantage of FHA loans is that they offer competitive interest rates, which can result in lower monthly mortgage payments for borrowers. This can make homeownership more affordable in the long run and provide financial stability to families in Lafayette, Alabama.
The Benefits of FHA Down Payment Assistance Home Loan in Lafayette, Alabama
