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 Perdido, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Perdido, AL provides a financial boost to eligible homebuyers in Perdido, 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 Perdido, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Perdido, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Perdido, 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 Perdido, 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 Perdido, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Perdido, 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 Perdido, 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 Perdido, 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 benefits such as lower down payment requirements, flexible credit score criteria, and competitive interest rates, making homeownership more accessible in Perdido, AL. Demographics: Perdido, Alabama, has a population of approximately X, with a median household income of $X. The community is diverse, comprising X% white, X% Black or African American, and X% Hispanic residents. Housing Market: The housing market in Perdido is stable with a median home value of $X. The availability of FHA down payment assistance programs has made it easier for first-time homebuyers to enter the market and invest in properties. Main Attractions: Perdido, AL, boasts attractions such as X, X, and X, providing residents with opportunities for outdoor recreation, cultural experiences, and community events.
FHA Down Payment Assistance Home Loan in Perdido, Alabama
