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 New Brockton, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in New Brockton, AL provides a financial boost to eligible homebuyers in New Brockton, 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 New Brockton, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in New Brockton, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in New Brockton, 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 New Brockton, 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 New Brockton, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in New Brockton, 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 New Brockton, 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 New Brockton, 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 New Brockton offer various benefits to potential homebuyers. These loans provide financial aid to help individuals and families achieve homeownership by reducing the initial down payment required, making buying a home more affordable. Demographics in New Brockton, Alabama, show a diverse community with a population of approximately X, consisting of a mix of families, young professionals, and retirees. The median household income is $Y, and the cost of living is relatively affordable, making it an attractive place to settle down. New Brockton's housing market is stable with a range of housing options, from cozy single-family homes to spacious apartments. The average home price is around $Z, making it accessible for first-time buyers looking to invest in their own property. Main attractions in New Brockton include beautiful parks, such as XYZ Park, perfect for outdoor activities and family picnics. The town also boasts a vibrant downtown area with local shops and restaurants, creating a sense of community among residents.
Benefits of FHA Down Payment Assistance Home Loan in New Brockton, Alabama
