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 Leroy, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Leroy, AL provides a financial boost to eligible homebuyers in Leroy, 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 Leroy, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Leroy, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Leroy, 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 Leroy, 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 Leroy, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Leroy, 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 Leroy, 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 Leroy, 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: The FHA loan program offers lower down payment options, flexible credit requirements, and competitive interest rates making homeownership more accessible to individuals in Leroy, Alabama. Demographics: Leroy, Alabama, is a small rural town with a population of approximately 1,000 residents. The community thrives on its close-knit feel and strong sense of unity. Housing Market: Leroy's housing market offers affordable options for first-time homebuyers. With the FHA Down Payment Assistance Home Loan, individuals can take advantage of low down payments and favorable loan terms, encouraging more people to invest in the local real estate market. Main Attractions: Leroy is known for its serene natural surroundings, including parks, hiking trails, and scenic views. Additionally, the town hosts annual events that celebrate its rich history and culture, attracting visitors from neighboring areas.
FHA Down Payment Assistance Home Loan in Leroy, Alabama
