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 Luverne, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Luverne, AL provides a financial boost to eligible homebuyers in Luverne, 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 Luverne, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Luverne, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Luverne, 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 Luverne, 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 Luverne, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Luverne, 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 Luverne, 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 Luverne, 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 Loans in Luverne, Alabama offer a great opportunity for first-time homebuyers. These loans provide low down payment options, making homeownership more accessible. Additionally, they often have lower credit score requirements compared to traditional loans, helping individuals with varying financial backgrounds to purchase a home. The demographics of Luverne, Alabama, show a close-knit community with a population that values small-town living. With a mix of age groups, Luverne offers a diverse and welcoming environment for families and individuals alike. The town is known for its strong sense of community and neighborly spirit. The housing market in Luverne, Alabama, presents a range of affordable options for potential buyers. With the assistance of FHA Down Payment Assistance Home Loans, individuals can explore a variety of housing choices from single-family homes to apartments. The market is stable, making it an attractive location for those looking to invest in property. Luverne, Alabama, boasts several main attractions that showcase the town's rich history and culture. From historical sites like the Luverne Public Library to recreational spots such as the Luverne Country Club, residents and visitors alike can enjoy a wide array of activities in this charming town.
Benefits of FHA Down Payment Assistance Home Loan in Luverne, Alabama
