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 Owens Cross Roads, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Owens Cross Roads, AL provides a financial boost to eligible homebuyers in Owens Cross Roads, 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 Owens Cross Roads, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Owens Cross Roads, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Owens Cross Roads, 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 Owens Cross Roads, 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 Owens Cross Roads, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Owens Cross Roads, 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 Owens Cross Roads, 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 Owens Cross Roads, 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.
Owens Cross Roads, Alabama offers a unique opportunity for homebuyers through FHA Down Payment Assistance Home Loans. These loans provide financial assistance to help individuals and families achieve their dream of homeownership. The benefits include low down payment requirements, competitive interest rates, and easier qualification criteria compared to traditional loans. Demographically, Owens Cross Roads is a growing town with a population that is both diverse and close-knit. The community is known for its friendly residents and strong sense of community spirit. The town boasts a mix of young professionals, families, and retirees, offering a range of social opportunities and cultural experiences. With a thriving housing market, Owens Cross Roads presents a range of housing options to suit different preferences and budgets. The market offers everything from spacious single-family homes to modern condos and townhouses. The availability of FHA Down Payment Assistance Home Loans further enhances accessibility to affordable housing for first-time buyers and those with limited financial resources. Some of the main attractions in Owens Cross Roads include its picturesque natural landscapes, including nearby hiking trails and parks. The town also features charming local shops, restaurants, and cafes that contribute to its small-town charm. Additionally, Owens Cross Roads is in close proximity to major cities, providing residents with easy access to urban amenities while still enjoying a tranquil suburban lifestyle.
The Benefits of FHA Down Payment Assistance Home Loan in Owens Cross Roads, Alabama
