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 Piedmont, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Piedmont, AL provides a financial boost to eligible homebuyers in Piedmont, 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 Piedmont, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Piedmont, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Piedmont, 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 Piedmont, 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 Piedmont, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Piedmont, 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 Piedmont, 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 Piedmont, 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.
The FHA Down Payment Assistance Home Loan in Piedmont, Alabama, offers several benefits to potential homebuyers. One of the primary advantages is the lower down payment requirement, making homeownership more accessible to a wider range of individuals and families. Furthermore, this type of loan often comes with competitive interest rates, which can result in long-term savings for the homeowner. Another key benefit is the flexibility in credit score requirements, allowing individuals with less-than-perfect credit to still qualify for the loan. Additionally, FHA loans offer options for assistance with closing costs, further reducing the upfront expenses associated with purchasing a home in Piedmont, Alabama.
Benefits of FHA Down Payment Assistance Home Loan in Piedmont, Alabama
