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 Midway, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Midway, AL provides a financial boost to eligible homebuyers in Midway, 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 Midway, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Midway, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Midway, 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 Midway, 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 Midway, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Midway, 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 Midway, 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 Midway, 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.
1. Benefits: The FHA Down Payment Assistance Home Loan program offers various advantages to potential homebuyers in Midway, Alabama. This initiative aims to help individuals with limited financial resources achieve homeownership by providing assistance with down payments, making purchasing a home more affordable and accessible. 2. Demographics: Midway, Alabama, is a vibrant community with a diverse population. The town boasts a mix of residents from different cultural backgrounds and age groups, creating a rich tapestry of community life. The area is known for its strong sense of community spirit and friendly atmosphere, making it an ideal place to settle down and call home. 3. Housing Market: The housing market in Midway, Alabama, is characterized by a range of affordable options for homebuyers. The FHA Down Payment Assistance Home Loan program has made it easier for first-time buyers to enter the market and secure their dream home. With competitive interest rates and favorable terms, this program has contributed to the stability and growth of the local real estate market. 4. Main Attractions: Midway, Alabama, offers a variety of attractions for residents and visitors alike. From picturesque parks and outdoor recreational areas to charming local shops and restaurants, there is something for everyone to enjoy in this welcoming town. The strong sense of community pride and the warm hospitality of the locals make Midway a delightful place to live and explore.
Benefits of FHA Down Payment Assistance Home Loan in Midway, Alabama
