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 Loxley, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Loxley, AL provides a financial boost to eligible homebuyers in Loxley, 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 Loxley, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Loxley, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Loxley, 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 Loxley, 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 Loxley, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Loxley, 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 Loxley, 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 Loxley, 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 Loan in Loxley, Alabama offers numerous benefits for homebuyers. This program allows individuals to purchase a home with a lower down payment, making homeownership more accessible. The FHA loan also provides competitive interest rates for qualified borrowers, further reducing the overall cost of the home purchase. Demographics in Loxley, Alabama, showcase a growing community with a diverse population. The town offers a mix of suburban and rural living, attracting individuals looking for a peaceful environment with easy access to urban amenities. The median household income in Loxley is above the national average, making it an attractive location for families and professionals. The housing market in Loxley, Alabama, is thriving, with a range of housing options available for buyers. From single-family homes to townhouses and condos, the market caters to various preferences and budgets. The average home prices in Loxley are competitive, offering affordable options for first-time buyers and those looking to upgrade their homes. Some main attractions in Loxley, Alabama, include the Steelwood Country Club, a premier golf destination, and the nearby Baldwin Beach Express, providing easy access to the beautiful Gulf Coast beaches. The town also hosts annual events like the Baldwin County Strawberry Festival, showcasing the community's vibrant culture and traditions.
Benefits of FHA Down Payment Assistance Home Loan in Loxley, Alabama
