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 Normal, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Normal, AL provides a financial boost to eligible homebuyers in Normal, 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 Normal, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Normal, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Normal, 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 Normal, 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 Normal, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Normal, 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 Normal, 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 Normal, 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 Normal, Alabama offers a great opportunity for first-time homebuyers or those with limited funds. This program allows for a lower down payment requirement, making home ownership more accessible. Demographics in Normal, Alabama show a diverse community with a mix of young professionals, families, and students. The area is known for its friendly atmosphere and strong sense of community, making it an ideal place to settle down and call home. The housing market in Normal, Alabama is stable and offers a variety of housing options, from single-family homes to apartments. With the assistance of FHA Down Payment Assistance Home Loan, potential buyers can take advantage of competitive interest rates and flexible terms. Main attractions in Normal, Alabama include the beautiful Monte Sano State Park, offering stunning views and outdoor recreational activities. Additionally, the U.S. Space and Rocket Center is a popular destination for both residents and tourists, showcasing the area's rich history and contributions to space exploration.
Benefits of FHA Down Payment Assistance Home Loan in Normal, Alabama
