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 Newton, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Newton, AL provides a financial boost to eligible homebuyers in Newton, 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 Newton, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Newton, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Newton, 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 Newton, 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 Newton, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Newton, 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 Newton, 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 Newton, 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.
An FHA down payment assistance home loan in Newton, Alabama offers numerous benefits to potential homebuyers. These benefits include lower down payment requirements, competitive interest rates, and increased borrowing capacity, making home ownership more accessible. Demographics Newton, Alabama, has a diverse population with a mix of age groups and occupations. The town boasts a strong sense of community, with close-knit neighborhoods and excellent schools, making it an ideal place to raise a family. The housing market in Newton, Alabama, is relatively stable, with a range of housing options available to suit different lifestyles and budgets. The presence of the FHA down payment assistance program provides additional support to potential homebuyers, boosting the real estate market in the area. Newton, Alabama, is known for its charming downtown area, with local shops and restaurants that showcase the town's unique character. The picturesque parks and outdoor recreational opportunities make it a desirable location for nature enthusiasts and those seeking a peaceful setting.
Benefits of FHA Down Payment Assistance Home Loan
Housing Market
Main Attractions
