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 Castle, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in New Castle, AL provides a financial boost to eligible homebuyers in New Castle, 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 Castle, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in New Castle, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in New Castle, 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 Castle, 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 Castle, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in New Castle, 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 Castle, 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 Castle, 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 New Castle, Alabama offers low down payment options, making homeownership more affordable for first-time buyers. This program allows eligible borrowers to finance up to 96.5% of their home loan, reducing the burden of a large upfront payment. Demographics of New Castle, Alabama reveal a diverse community with a strong sense of unity. The population consists of a mix of young families and retirees, creating a vibrant and inclusive neighborhood. The area boasts a median household income above the national average, indicating a financially stable community. The housing market in New Castle, Alabama is thriving, with a steady increase in property values over the past few years. The availability of FHA Down Payment Assistance Home Loans has attracted more buyers to the area, leading to a competitive market but still offering affordable options for those looking to invest in real estate. Main attractions in New Castle, Alabama include the picturesque parks and nature trails that offer residents and visitors opportunities for outdoor activities and relaxation. The town also hosts annual festivals that celebrate the local culture and heritage, bringing the community together in joyous celebrations.
Benefits of FHA Down Payment Assistance Home Loan in New Castle, Alabama
