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 Millbrook, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Millbrook, AL provides a financial boost to eligible homebuyers in Millbrook, 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 Millbrook, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Millbrook, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Millbrook, 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 Millbrook, 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 Millbrook, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Millbrook, 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 Millbrook, 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 Millbrook, 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 Millbrook, Alabama provides a valuable option for homebuyers by offering lower down payment requirements. Demographics in Millbrook, Alabama show a population of around 16,640 residents, with a median household income of $58,653. The city has a diverse community with a mix of families, young professionals, and retirees. Regarding the housing market, Millbrook, Alabama, offers a range of affordable housing options suitable for various budgets. The real estate market in the area is stable, with steady appreciation rates over the years. Main attractions in Millbrook include the popular Jasmine Hill Gardens and Outdoor Museum, which showcases beautiful Greek-style gardens, and the nearby Capitol Complex in Montgomery, offering historical sites and cultural experiences.
Benefits of FHA Down Payment Assistance Home Loan in Millbrook, Alabama
