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 Scottsboro, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Scottsboro, AL provides a financial boost to eligible homebuyers in Scottsboro, 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 Scottsboro, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Scottsboro, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Scottsboro, 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 Scottsboro, 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 Scottsboro, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Scottsboro, 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 Scottsboro, 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 Scottsboro, 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 loans offer low down payments, making homeownership more accessible to individuals with limited savings. This assistance program allows buyers to qualify for a mortgage with a lower credit score compared to conventional loans. Demographics: Scottsboro is a city in Jackson County, Alabama, with a population that is diverse in age and culture. The median household income is around the national average, with a significant percentage of residents being homeowners. Housing Market: Scottsboro's housing market offers a mix of affordable single-family homes and rental properties. The market is stable, with a moderate increase in property values over the past few years, making it an attractive location for both first-time buyers and investors. Main Attractions: Scottsboro is known for its natural beauty, including nearby Lake Guntersville and the picturesque views of the Tennessee River. The city also features the Unclaimed Baggage Center, a popular shopping destination, and various outdoor recreational activities for residents and visitors.
Benefits of FHA Down Payment Assistance Home Loan in Scottsboro, Alabama:
