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 Montgomery, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Montgomery, AL provides a financial boost to eligible homebuyers in Montgomery, 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 Montgomery, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Montgomery, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Montgomery, 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 Montgomery, 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 Montgomery, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Montgomery, 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 Montgomery, 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 Montgomery, 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 in Montgomery, Alabama offers numerous benefits to potential homebuyers. This program provides financial assistance for down payments, making homeownership more accessible to individuals and families who may not have substantial savings for a traditional down payment. Demographically, Montgomery, Alabama, is a diverse and vibrant city with a rich history. The population consists of a mix of cultures and backgrounds, creating a unique and welcoming community for residents. The city offers a variety of neighborhoods to suit different lifestyles and preferences. In terms of the housing market, Montgomery presents affordable housing options for first-time buyers and those looking to invest in real estate. The availability of FHA Down Payment Assistance further enhances affordability, making it an attractive location for individuals seeking to own a home in a growing urban area. Some of the main attractions in Montgomery include the Civil Rights Memorial, the Alabama State Capitol, and the Rosa Parks Museum. These historical landmarks celebrate the city's significance in American history and offer residents and visitors opportunities to learn and engage with the past.
Benefits of FHA Down Payment Assistance in Montgomery, Alabama
