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 Lowndesboro, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lowndesboro, AL provides a financial boost to eligible homebuyers in Lowndesboro, 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 Lowndesboro, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lowndesboro, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lowndesboro, 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 Lowndesboro, 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 Lowndesboro, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lowndesboro, 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 Lowndesboro, 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 Lowndesboro, 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.
The FHA Down Payment Assistance Home Loan in Lowndesboro, Alabama provides numerous benefits for homebuyers, including lower down payment requirements, competitive interest rates, and easier qualification standards compared to traditional loans. Lowndesboro, Alabama, with a population of X, boasts a diverse demographic with a mix of families, young professionals, and retirees. The town has a rich history and a strong sense of community, making it an ideal place to settle down and call home. The housing market in Lowndesboro is thriving, with a range of affordable options available for first-time buyers as well as luxury homes for those seeking upscale living. The median home price is $X, and the market is stable, making it a sound investment for potential buyers. Some of the main attractions in Lowndesboro include historic landmarks, beautiful parks, and a variety of local shops and restaurants. Residents can enjoy outdoor activities such as hiking, fishing, and boating, making it a great place for both relaxation and recreation.
FHA Down Payment Assistance Home Loan in Lowndesboro, Alabama
