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 Millerville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Millerville, AL provides a financial boost to eligible homebuyers in Millerville, 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 Millerville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Millerville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Millerville, 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 Millerville, 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 Millerville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Millerville, 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 Millerville, 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 Millerville, 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 Millerville, Alabama provides a great avenue for prospective homebuyers to achieve homeownership with a lower down payment requirement. This can make purchasing a home more accessible for individuals and families who may not have a large amount of savings for a traditional down payment. Millerville, Alabama, with a population of approximately xxx, boasts a diverse demographic mix with a strong sense of community. The area is known for its friendly residents and welcoming atmosphere, making it an ideal place to settle down and raise a family. The housing market in Millerville, Alabama, presents a range of options for homebuyers, from cozy single-family homes to spacious properties with ample land. The real estate market is stable, with a good balance of supply and demand, making it a favorable environment for both buyers and sellers. Some main attractions in Millerville include the beautiful xxx Park, perfect for outdoor activities and picnics. The historic downtown area offers charming shops and eateries, giving residents a taste of small-town living with modern conveniences.
FHA Down Payment Assistance Home Loan in Millerville, Alabama
