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 Lincoln, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lincoln, AL provides a financial boost to eligible homebuyers in Lincoln, 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 Lincoln, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lincoln, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lincoln, 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 Lincoln, 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 Lincoln, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lincoln, 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 Lincoln, 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 Lincoln, 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.
With an FHA Down Payment Assistance Home Loan in Lincoln, Alabama, potential homeowners can enjoy several advantages. Firstly, this type of loan offers a lower down payment requirement, making homeownership more accessible to a wider range of individuals. Additionally, the FHA loan program provides competitive interest rates and flexible qualification criteria, making it an attractive option for first-time buyers or those with limited financial resources. The city of Lincoln, Alabama, boasts a diverse demographic profile. With a mix of young professionals, families, and retirees, the community offers a welcoming and inclusive environment for residents. The city's population is known for its friendly nature and strong sense of community spirit, making it an ideal place to settle down and call home. When it comes to the housing market in Lincoln, Alabama, there are various opportunities for both buyers and sellers. The real estate market in the city is relatively stable, with a range of housing options available to suit different preferences and budgets. Whether you're looking for a cozy single-family home or a spacious condo, Lincoln has something for everyone. Lincoln, Alabama, is home to several main attractions that make it a desirable place to live. From its beautiful parks and recreational facilities to its vibrant cultural scene and local eateries, there is always something to see and do in the city. Whether you enjoy outdoor activities or prefer indoor entertainment, Lincoln has plenty to offer its residents.
Exploring the Benefits of FHA Down Payment Assistance Home Loan in Lincoln, Alabama
