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 Mobile, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Mobile, AL provides a financial boost to eligible homebuyers in Mobile, 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 Mobile, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Mobile, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Mobile, 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 Mobile, 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 Mobile, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Mobile, 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 Mobile, 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 Mobile, 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 Mobile, Alabama offer low down payment options, making home ownership more accessible. This program helps first-time homebuyers overcome financial hurdles and achieve their dream of owning a home. Furthermore, FHA loans often have lower credit score requirements compared to conventional loans, making them an attractive option for individuals with less-than-perfect credit. The loans also have competitive interest rates, providing long-term affordability for homeowners in Mobile. Additionally, FHA loans offer fixed-rate and adjustable-rate mortgage options, allowing borrowers to choose the best option for their financial situation. This flexibility makes it easier for individuals in Mobile to find a loan that suits their needs and budget.
Benefits of FHA Down Payment Assistance Home Loan in Mobile, Alabama
