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 Opelika, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Opelika, AL provides a financial boost to eligible homebuyers in Opelika, 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 Opelika, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Opelika, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Opelika, 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 Opelika, 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 Opelika, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Opelika, 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 Opelika, 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 Opelika, 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 in Opelika, Alabama: FHA loans offer low down payments, flexible credit requirements, and competitive interest rates, making homeownership more accessible to first-time buyers. The down payment assistance programs can help individuals with limited savings to achieve their dream of buying a home. Demographics: Opelika, Alabama, is a diverse community with a mix of young professionals, families, and retirees. The city has a growing population, with a median household income above the state average. The city's demographic diversity creates a vibrant and inclusive community for residents. Housing Market: Opelika's housing market is thriving, with a range of housing options available to suit different budgets and preferences. The real estate market in Opelika is stable, with property values appreciating steadily over the years, making it a great place for investment in homeownership. Main Attractions: Opelika offers a mix of outdoor recreational activities, cultural attractions, and a vibrant downtown scene. Residents can explore the beautiful Opelika Wood Duck Heritage Preserve and Siddique Nature Park, enjoy shopping and dining in the historic downtown area, or attend events at the Opelika Center for the Performing Arts.
FHA Down Payment Assistance Home Loan in Opelika, Alabama
