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 Marbury, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Marbury, AL provides a financial boost to eligible homebuyers in Marbury, 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 Marbury, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Marbury, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Marbury, 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 Marbury, 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 Marbury, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Marbury, 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 Marbury, 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 Marbury, 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 programs in Marbury, Alabama offer numerous benefits to homebuyers, especially first-time buyers. These programs help individuals and families overcome the barrier of a large down payment, making homeownership more achievable. By providing lower down payment requirements and flexible credit score criteria, FHA loans make it easier for borrowers to qualify for a mortgage. This can be particularly beneficial for those with limited savings or lower credit scores. Furthermore, FHA loans often come with competitive interest rates and may offer options for refinancing in the future. This can result in significant long-term savings for homeowners in Marbury. Demographics Marbury, Alabama, is a small, tight-knit community with a population of approximately 1,400 residents. The town has a diverse demographic makeup, with a mix of families, young professionals, and retirees calling it home. Housing Market The housing market in Marbury offers a range of options, from charming historic homes to modern developments. With the help of FHA down payment assistance programs, more individuals and families can afford to purchase a home in this growing market. Main Attractions Marbury is known for its scenic beauty, outdoor recreational opportunities, and friendly community atmosphere. Residents can enjoy activities such as hiking, fishing, and exploring local parks. The town also hosts annual events that bring the community together.
Benefits of FHA Down Payment Assistance Home Loan in Marbury, Alabama
