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 Locust Fork, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Locust Fork, AL provides a financial boost to eligible homebuyers in Locust Fork, 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 Locust Fork, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Locust Fork, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Locust Fork, 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 Locust Fork, 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 Locust Fork, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Locust Fork, 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 Locust Fork, 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 Locust Fork, 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.
An FHA loan offers a low down payment option, typically 3.5%, making homeownership more accessible. Down payment assistance programs further aid in reducing the initial financial burden on buyers, helping them secure a home in Locust Fork, Alabama. Demographics in Locust Fork, Alabama, reveal a tight-knit community with a population that values proximity to nature and a slower pace of life. The area attracts families and individuals seeking a peaceful living environment with a strong sense of community. The housing market in Locust Fork is characterized by affordable housing options, especially benefiting from FHA loans. The market offers a mix of single-family homes and charming properties, catering to various preferences and budgets. Main attractions in Locust Fork include the Locust Fork River, a popular spot for outdoor activities like fishing and kayaking. The area's scenic beauty, including lush greenery and hiking trails, makes it an ideal location for nature lovers and outdoor enthusiasts.
Benefits of FHA Down Payment Assistance Home Loan
