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 Logan, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Logan, AL provides a financial boost to eligible homebuyers in Logan, 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 Logan, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Logan, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Logan, 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 Logan, 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 Logan, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Logan, 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 Logan, 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 Logan, 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 loans offer lower down payments, as low as 3.5%, which makes homeownership more accessible to a wider range of buyers, including first-time homebuyers and those with lower credit scores. Logan, Alabama, is a diverse community with a population of about 4,000 residents. The median age in Logan is 35 years old, and the median household income is $48,000. The town boasts a mix of rural charm and modern amenities. The housing market in Logan is competitive, with a median home price of $150,000. However, with the assistance of FHA loans, buyers can overcome the barrier of high down payments and become homeowners. The market offers a mix of single-family homes and condos. Logan is known for its beautiful natural surroundings, including hiking trails, parks, and lakes. The town also has a rich history, with historic sites and museums that attract visitors from around the state.
Benefits of FHA Down Payment Assistance Home Loan in Logan, Alabama
