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 Oakman, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Oakman, AL provides a financial boost to eligible homebuyers in Oakman, 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 Oakman, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Oakman, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Oakman, 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 Oakman, 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 Oakman, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Oakman, 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 Oakman, 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 Oakman, 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: FHA loans require a lower down payment compared to conventional loans, making homeownership more accessible. Borrowers with less-than-perfect credit scores may still qualify for an FHA loan. Down payment assistance programs help reduce the upfront costs for homebuyers. Demographics of Oakman, Alabama: Oakman has a population of approximately 800 residents, with a mix of families and retirees. The median household income in Oakman is around the national average. Residents of Oakman value community, outdoor activities, and a peaceful lifestyle. Housing Market in Oakman, Alabama: The housing market in Oakman offers a variety of options, from single-family homes to more rural properties. Home prices in Oakman are relatively affordable compared to nearby cities. With the assistance of FHA loans, many first-time buyers can achieve homeownership in Oakman. Main Attractions in Oakman, Alabama: Oakman is known for its scenic beauty, with opportunities for hiking, fishing, and other outdoor activities. The town has a rich history, with landmarks like the Oakman Historical Society preserving its heritage. Local festivals and events bring the community together and showcase the culture of Oakman.
FHA Down Payment Assistance Home Loan in Oakman, Alabama
