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 Perdue Hill, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Perdue Hill, AL provides a financial boost to eligible homebuyers in Perdue Hill, 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 Perdue Hill, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Perdue Hill, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Perdue Hill, 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 Perdue Hill, 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 Perdue Hill, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Perdue Hill, 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 Perdue Hill, 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 Perdue Hill, 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.
1. Financial Assistance: FHA loans offer down payment assistance that can help individuals and families purchase a home with as little as 3.5% down, making homeownership more accessible. 2. Lower Credit Requirements: FHA loans have more flexible credit score requirements compared to conventional loans, allowing individuals with less-than-perfect credit to qualify for a home loan. 3. Fixed-Rate Options: FHA loans provide fixed-rate options, offering stability and predictability in monthly mortgage payments, making budgeting easier for homeowners. Demographics of Perdue Hill, Alabama Perdue Hill, Alabama, has a population of approximately 500 residents. The median household income in the area is $45,000, with a diverse mix of age groups and family sizes. Housing Market Information The housing market in Perdue Hill offers a variety of options, including single-family homes and townhouses. The median home value is $120,000, with a stable market and a growing demand for affordable housing. Main Attractions in Perdue Hill Perdue Hill is known for its historic sites, such as the Perdue Hill Masonic Lodge, and its proximity to outdoor recreational activities, including hiking trails and parks.
Benefits of FHA Down Payment Assistance Home Loan in Perdue Hill, Alabama
