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 Montevallo, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Montevallo, AL provides a financial boost to eligible homebuyers in Montevallo, 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 Montevallo, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Montevallo, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Montevallo, 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 Montevallo, 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 Montevallo, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Montevallo, 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 Montevallo, 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 Montevallo, 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 offer benefits such as lower down payment requirements, making homeownership more accessible to low to moderate-income families. These loans often come with lower interest rates and flexible qualification criteria, allowing more individuals to fulfill their dream of owning a home in Montevallo, Alabama. The demographics of Montevallo, Alabama, show a diverse population with a strong sense of community. The city has a mix of families, young professionals, and retirees. The cost of living is relatively affordable, making it an attractive option for those looking to settle down in a welcoming and inclusive environment. In terms of the housing market, Montevallo offers a range of housing options, from historic homes to modern developments. The market is stable, with steady appreciation rates, making it a solid investment for homebuyers. The availability of FHA Down Payment Assistance programs further enhances the attractiveness of the housing market in Montevallo. Main attractions in Montevallo include the picturesque Orr Park, known for its unique tree carvings, and the University of Montevallo, which adds a vibrant energy to the city. Additionally, the American Village offers educational and entertaining experiences for residents and visitors alike.
FHA Down Payment Assistance Home Loan Benefits in Montevallo, Alabama
