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 Pelham, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Pelham, AL provides a financial boost to eligible homebuyers in Pelham, 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 Pelham, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Pelham, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Pelham, 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 Pelham, 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 Pelham, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Pelham, 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 Pelham, 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 Pelham, 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 provides a great opportunity for homebuyers in Pelham, Alabama, offering low down payment requirements, competitive interest rates, and easier qualification criteria for those with less-than-perfect credit scores. Demographics: Pelham, Alabama, is a vibrant community with a population of approximately 24,000 residents. The city boasts a mix of families, young professionals, and retirees, creating a diverse and welcoming atmosphere for all. Housing Market: The housing market in Pelham is robust, with a range of options from single-family homes to modern condominiums. The median home price is around $250,000, making it an attractive location for first-time buyers and families looking to upgrade. Main Attractions: Pelham offers a variety of attractions, including the Oak Mountain State Park, Alabama's largest state park known for its hiking trails and scenic views. The city also hosts the Pelham Civic Complex and Ice Arena, providing entertainment for all ages.
FHA Down Payment Assistance Home Loan in Pelham, Alabama
