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 Northport, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Northport, AL provides a financial boost to eligible homebuyers in Northport, 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 Northport, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Northport, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Northport, 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 Northport, 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 Northport, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Northport, 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 Northport, 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 Northport, 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.
Benefits of FHA Down Payment Assistance Home Loan: Opting for an FHA loan in Northport, Alabama can provide numerous benefits such as lower down payment requirements, competitive interest rates, and easier qualification criteria, making homeownership more accessible to a wider range of individuals. Demographics: Northport, a charming city in Alabama, boasts a diverse population with a mix of families, young professionals, and retirees. The city's community is known for its friendly atmosphere and strong sense of camaraderie. Housing Market: Northport's housing market is dynamic, offering a mix of affordable single-family homes, cozy townhouses, and modern apartments. The market is stable, with good appreciation rates, making it an attractive location for both homebuyers and investors. Main Attractions: Visitors and residents alike can enjoy a variety of attractions in Northport, including the historic Kentuck Art Center, Lake Lurleen State Park for outdoor enthusiasts, and the lively Downtown District with its quaint shops and eateries.
FHA Down Payment Assistance Home Loan in Northport, Alabama
