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 Montrose, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Montrose, AL provides a financial boost to eligible homebuyers in Montrose, 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 Montrose, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Montrose, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Montrose, 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 Montrose, 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 Montrose, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Montrose, 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 Montrose, 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 Montrose, 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 Montrose, Alabama provides aspiring homeowners with a lower down payment requirement, making homeownership more accessible. This can be especially beneficial for first-time buyers and those with limited savings. Demographics in Montrose, Alabama show a vibrant community with a mix of families, young professionals, and retirees. The town boasts a close-knit atmosphere where neighbors often come together for community events and activities. The housing market in Montrose, Alabama offers a range of options from historic homes to modern developments. With the assistance of FHA loans, homebuyers can explore various properties and find one that suits their needs and preferences. Main attractions in Montrose, Alabama include scenic parks, such as Montrose Park and Fairhope Municipal Park, offering opportunities for outdoor recreation. The town also features charming local shops, restaurants, and art galleries for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Montrose, Alabama
