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 Roanoke, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Roanoke, AL provides a financial boost to eligible homebuyers in Roanoke, 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 Roanoke, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Roanoke, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Roanoke, 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 Roanoke, 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 Roanoke, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Roanoke, 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 Roanoke, 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 Roanoke, 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.
One of the main benefits of an FHA Down Payment Assistance Home Loan in Roanoke, Alabama is the lower down payment requirement. With this type of loan, you can qualify for a mortgage with a down payment as low as 3.5%, making it more accessible for first-time homebuyers and those with limited savings. Another advantage is the competitive interest rates offered by FHA loans, which can result in lower monthly mortgage payments compared to conventional loans. Additionally, FHA loans have flexible qualification requirements, making it easier for individuals with less-than-perfect credit scores to become homeowners. Furthermore, FHA loans provide options for refinancing, streamline refinancing, and rehabilitation loans, offering additional financial flexibility to homeowners in Roanoke, Alabama. Demographics in Roanoke, Alabama Roanoke, Alabama, has a population of approximately 6,000 residents, with a median household income of $36,000. The town has a diverse community with a mix of families, professionals, and retirees, creating a vibrant and inclusive atmosphere. Housing Market in Roanoke, Alabama The housing market in Roanoke offers a variety of options, from historic homes with character to modern properties with updated amenities. The median home price in Roanoke is $120,000, making it an affordable option for buyers looking to invest in real estate. Main Attractions in Roanoke, Alabama Roanoke is known for its beautiful natural surroundings, including parks, lakes, and hiking trails. The town also has a rich history, with museums, historic sites, and cultural events that showcase its heritage. In addition, Roanoke offers a range of dining, shopping, and entertainment options for residents and visitors to enjoy.
The Benefits of FHA Down Payment Assistance Home Loan in Roanoke, Alabama
