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 Myrtlewood, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Myrtlewood, AL provides a financial boost to eligible homebuyers in Myrtlewood, 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 Myrtlewood, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Myrtlewood, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Myrtlewood, 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 Myrtlewood, 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 Myrtlewood, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Myrtlewood, 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 Myrtlewood, 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 Myrtlewood, 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 offer lower down payments, making homeownership more accessible to individuals with limited savings. This program provides financial support to help buyers secure a home in Myrtlewood, Alabama, fostering community growth and stability. Demographics: Myrtlewood, Alabama, is a charming town with a population of around 2000 residents. The community is diverse, consisting of families, retirees, and young professionals seeking a tranquil Southern lifestyle. Housing Market: The housing market in Myrtlewood is thriving, with a range of affordable options available for first-time buyers. FHA loans make purchasing a home more feasible, boosting property ownership and investment in the area. Main Attractions: Myrtlewood boasts picturesque natural surroundings, including lush parks and scenic trails perfect for outdoor enthusiasts. The town's historic downtown area offers quaint shops, local eateries, and a vibrant arts scene, making it a desirable place to live and visit.
Benefits of FHA Down Payment Assistance Home Loans in Myrtlewood, Alabama
