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 Oxford, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Oxford, AL provides a financial boost to eligible homebuyers in Oxford, 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 Oxford, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Oxford, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Oxford, 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 Oxford, 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 Oxford, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Oxford, 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 Oxford, 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 Oxford, 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.
One of the primary benefits of an FHA down payment assistance home loan in Oxford, Alabama is the lower down payment requirement, typically around 3.5% of the purchase price. This makes homeownership more accessible for individuals who may not have a large sum of money saved up for a down payment. Demographically, Oxford, Alabama has a diverse population with a mix of families, young professionals, and retirees. The city boasts a strong sense of community with various amenities such as parks, schools, and shopping centers, making it an attractive place to live for people of all ages. In terms of the housing market, Oxford, Alabama offers a range of housing options including single-family homes, townhouses, and apartments. The market is currently stable with moderate appreciation rates, making it a favorable environment for both homebuyers and investors. Some of the main attractions in Oxford include the Oxford Lake Park, a popular spot for picnics and outdoor activities, and the Quintard Mall for shopping enthusiasts. Additionally, the city is conveniently located near the Talladega National Forest, providing residents with access to hiking, camping, and other outdoor recreational opportunities.
FHA Down Payment Assistance Home Loan in Oxford, Alabama
