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 Orrville, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Orrville, AL provides a financial boost to eligible homebuyers in Orrville, 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 Orrville, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Orrville, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Orrville, 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 Orrville, 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 Orrville, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Orrville, 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 Orrville, 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 Orrville, 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: The FHA loan program offers low down payments, making home ownership more accessible. This assistance can help individuals with limited funds to qualify for a mortgage, providing a path to home ownership. Demographics: Orrville, Alabama, boasts a diverse community with a mix of residents from various backgrounds. The town has a close-knit community feel, perfect for individuals looking for a friendly and welcoming environment to live in. Housing Market: Orrville's housing market offers a range of affordable options for home buyers. With the FHA Down Payment Assistance program, potential buyers can benefit from lower down payment requirements and competitive interest rates in the area. Main Attractions: Orrville, Alabama, is known for its scenic beauty and charming small-town atmosphere. Visitors and residents alike can enjoy exploring local parks, historical sites, and engaging in recreational activities that showcase the natural beauty of the area.
FHA Down Payment Assistance Home Loan in Orrville, Alabama
