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 Pike Road, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Pike Road, AL provides a financial boost to eligible homebuyers in Pike Road, 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 Pike Road, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Pike Road, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Pike Road, 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 Pike Road, 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 Pike Road, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Pike Road, 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 Pike Road, 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 Pike Road, 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.
FHA Down Payment Assistance Home Loans in Pike Road, Alabama provide eligible homebuyers with reduced down payment options, making homeownership more accessible. This program can offer lower credit score requirements and competitive interest rates, helping individuals and families achieve their dream of owning a home. Demographically, Pike Road, Alabama is a growing community with a population that includes a mix of young professionals, families, and retirees. The area boasts a diverse culture with a strong sense of community, making it an attractive place to live for people of all ages. In terms of the housing market, Pike Road offers a range of housing options from single-family homes to apartments and townhouses. The market is competitive yet stable, with property values experiencing steady growth. The availability of FHA Down Payment Assistance Home Loans can further boost the real estate market by encouraging more buyers to invest in the area. Some main attractions in Pike Road include the beautiful Marbury Park, the historic Marks House, and the scenic Pike Road Arts & Crafts Fair. Residents can enjoy outdoor activities, cultural events, and a close-knit community atmosphere that enhances the overall quality of life in the area.
Benefits of FHA Down Payment Assistance Home Loan in Pike Road, Alabama
