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 Lexington, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lexington, AL provides a financial boost to eligible homebuyers in Lexington, 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 Lexington, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lexington, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lexington, 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 Lexington, 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 Lexington, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lexington, 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 Lexington, 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 Lexington, 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.
FHA Down Payment Assistance Home Loans in Lexington, Alabama offer numerous benefits to potential homeowners. These loans provide a lower down payment option, making homeownership more accessible. Additionally, they often come with competitive interest rates and less stringent qualification requirements, making them an attractive option for first-time homebuyers. Demographically, Lexington, Alabama, boasts a diverse population with a mix of young professionals, families, and retirees. The community has a strong sense of unity, with various cultural events and activities that bring residents together. The town's proximity to larger urban areas provides residents with access to job opportunities and amenities. In terms of the housing market, Lexington, Alabama, offers a range of housing options, from cozy single-family homes to spacious condos. The market is stable, with steady appreciation rates and a good inventory of homes. The presence of FHA Down Payment Assistance Home Loans has contributed to an increase in homeownership rates and has helped stimulate the local real estate market. Some of the main attractions in Lexington include the beautiful parks and outdoor recreational areas, perfect for hiking, picnicking, and enjoying the natural scenery. The town also has a rich history, with historic sites and museums that offer a glimpse into its past. Additionally, the vibrant local dining scene and shopping districts provide residents with plenty of options for entertainment and leisure.
FHA Down Payment Assistance Home Loan in Lexington, Alabama
