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 Ozark, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ozark, AL provides a financial boost to eligible homebuyers in Ozark, 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 Ozark, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ozark, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ozark, 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 Ozark, 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 Ozark, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ozark, 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 Ozark, 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 Ozark, 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 An FHA loan offers a low down payment requirement, making homeownership more accessible to a wider range of individuals. The down payment can be covered through various assistance programs, reducing the financial burden on homebuyers. Additionally, FHA loans often have lower credit score requirements compared to traditional loans, making them a viable option for buyers with less than perfect credit. Furthermore, FHA loans typically have competitive interest rates and flexible qualification criteria, making them an attractive option for first-time homebuyers and those with limited financial resources. Demographics Ozark, Alabama, has a population of approximately 15,000 people with a diverse community comprising various age groups and ethnicities. The city is known for its friendly residents and strong sense of community. Housing Market The housing market in Ozark, Alabama, offers a mix of affordable single-family homes, townhouses, and condos, making it an ideal location for homebuyers with different preferences and budgets. The market is stable, with a steady increase in property values over the years. Main Attractions Ozark is home to numerous attractions, including the Ozark Civic Center, with its regular events and performances, as well as a variety of parks and outdoor recreational areas. Residents also enjoy easy access to shopping, dining, and entertainment venues.
Benefits of FHA Down Payment Assistance Home Loan in Ozark, Alabama
