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 Leighton, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Leighton, AL provides a financial boost to eligible homebuyers in Leighton, 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 Leighton, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Leighton, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Leighton, 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 Leighton, 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 Leighton, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Leighton, 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 Leighton, 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 Leighton, 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: The FHA Down Payment Assistance Home Loan in Leighton, Alabama provides eligible homebuyers with a more affordable way to purchase a home by offering lower down payment requirements compared to traditional loans. Additionally, this program can help individuals who may not have a large sum of money saved up for a down payment to still become homeowners, thereby increasing home ownership rates in the community. Moreover, FHA loans often come with competitive interest rates, making them a financially attractive option for buyers looking to invest in the Leighton housing market. Demographics: Leighton, Alabama, is a diverse community with a mix of residents from various ethnic backgrounds and age groups. The population is characterized by a strong sense of community and neighborly values. Housing Market: The housing market in Leighton, Alabama, is currently experiencing steady growth, with a range of housing options available to suit different preferences and budgets. The FHA Down Payment Assistance Home Loan program has contributed to the increased demand for housing in the area. Main Attractions: Leighton offers a charming small-town atmosphere with easy access to outdoor recreational activities, including hiking, fishing, and boating. The town also boasts a rich history, with cultural landmarks and historic sites that attract visitors and residents alike.
FHA Down Payment Assistance Home Loan in Leighton, Alabama
