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 Saint Elmo, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Saint Elmo, AL provides a financial boost to eligible homebuyers in Saint Elmo, 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 Saint Elmo, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Saint Elmo, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Saint Elmo, 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 Saint Elmo, 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 Saint Elmo, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Saint Elmo, 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 Saint Elmo, 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 Saint Elmo, 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 Saint Elmo, Alabama offer a great opportunity for individuals and families to become homeowners with lower down payment requirements compared to traditional loans. This program enables more people to qualify for home ownership, boosting the local housing market and economy. Saint Elmo, Alabama, boasts a diverse demographic profile with a mix of age groups and backgrounds. The community is known for its strong sense of unity and support, making it an ideal place to raise a family or retire in peace. With the housing market in Saint Elmo steadily growing, now is a great time to invest in property. The area offers a range of housing options, from cozy single-family homes to spacious estates, catering to various preferences and budgets. Some of the main attractions in Saint Elmo include its historic downtown area, scenic parks, and proximity to the Gulf Coast beaches. Residents can enjoy outdoor activities like hiking, fishing, and boating, creating a well-rounded and enjoyable lifestyle.
Benefits of FHA Down Payment Assistance Home Loan in Saint Elmo, Alabama
