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 Ohatchee, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ohatchee, AL provides a financial boost to eligible homebuyers in Ohatchee, 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 Ohatchee, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ohatchee, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ohatchee, 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 Ohatchee, 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 Ohatchee, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ohatchee, 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 Ohatchee, 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 Ohatchee, 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 a FHA Down payment assistance home loan: FHA loans offer lower down payment requirements, competitive interest rates, and flexible credit score requirements, making homeownership more attainable for individuals with limited savings or lower credit scores. Demographics: Ohatchee, Alabama, is a charming town with a population that has a mix of families and retirees. The town has a close-knit community feel with friendly neighbors and a low crime rate, making it an ideal place to raise a family. Housing Market: The housing market in Ohatchee offers a variety of options, from single-family homes to townhouses and condos. The median home price is affordable, making it an attractive location for first-time homebuyers looking to invest in real estate. Main Attractions: Ohatchee is known for its scenic beauty, with plenty of outdoor activities to enjoy such as hiking, fishing, and boating on the nearby Coosa River. The town also has a rich history, with historical sites like the Ohatchee Indian Mounds providing a glimpse into the area's past.
FHA Down Payment Assistance Home Loan in Ohatchee, Alabama
