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 Rutledge, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rutledge, AL provides a financial boost to eligible homebuyers in Rutledge, 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 Rutledge, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rutledge, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rutledge, 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 Rutledge, 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 Rutledge, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rutledge, 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 Rutledge, 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 Rutledge, 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: The FHA Down Payment Assistance program in Rutledge, Alabama, provides eligible homebuyers with the opportunity to purchase a home with a lower down payment requirement, making homeownership more accessible. This program also offers competitive interest rates and flexible qualification criteria, making it an attractive option for first-time homebuyers. Demographics: Rutledge, Alabama, is a small town with a population of approximately 450 residents. The community is close-knit, with a mix of families and retirees. The town boasts a low crime rate and a strong sense of community, making it an ideal place to raise a family or retire. Housing Market: In Rutledge, the housing market is stable, with a variety of housing options available to suit different budgets and preferences. The FHA Down Payment Assistance program has helped stimulate the housing market by increasing homebuying activity and encouraging new construction projects in the area. Main Attractions: Despite its small size, Rutledge offers plenty of attractions for residents and visitors alike. The town is known for its historic downtown area, charming local shops, and vibrant community events. Outdoor enthusiasts can enjoy the nearby parks and trails, while history buffs will appreciate the town's rich heritage and museums.
FHA Down Payment Assistance in Rutledge, Alabama
