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 Leeds, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Leeds, AL provides a financial boost to eligible homebuyers in Leeds, 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 Leeds, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Leeds, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Leeds, 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 Leeds, 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 Leeds, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Leeds, 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 Leeds, 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 Leeds, 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: A FHA home loan in Leeds, Alabama offers low down payment requirements, making homeownership more accessible. It provides competitive interest rates and flexible eligibility criteria for first-time homebuyers. Demographics: Leeds, Alabama has a population of approximately 12,000 residents. The median household income is $55,000, with a diverse community comprising mainly of families and young professionals. Housing Market: Leeds offers a mix of affordable housing options, with a median home price of $150,000. The market is stable, experiencing steady appreciation rates, making it an attractive location for investment. Main Attractions: Leeds is known for its charming downtown area, historic sites like Barber Motorsports Park, and outdoor recreational opportunities at nearby parks and lakes, offering a high quality of life for residents.
FHA Down Payment Assistance Home Loan in Leeds, Alabama
