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 Selma, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Selma, AL provides a financial boost to eligible homebuyers in Selma, 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 Selma, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Selma, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Selma, 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 Selma, 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 Selma, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Selma, 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 Selma, 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 Selma, 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 key benefits of an FHA Down Payment Assistance Home Loan in Selma, Alabama, is the opportunity it provides for first-time homebuyers to purchase a home with a lower down payment requirement. This program helps make homeownership more accessible and affordable for individuals and families in Selma. Selma, Alabama, has a diverse population with a rich cultural heritage. The demographics of the city include a mix of African American, Caucasian, and Hispanic residents, contributing to a vibrant and inclusive community. The city is known for its historical significance in the civil rights movement, attracting visitors interested in its cultural and historical landmarks. The housing market in Selma offers a range of affordable options for homebuyers, including historic homes with unique architectural features. The city has experienced steady growth in its real estate market, making it a desirable location for those looking to invest in property. With the assistance of an FHA loan, buyers can take advantage of competitive interest rates and flexible eligibility requirements. Selma, Alabama, is home to several main attractions that draw visitors from near and far. The city is known for its annual Bridge Crossing Jubilee, commemorating the historic civil rights march from Selma to Montgomery. Other popular attractions include the Edmund Pettus Bridge, Old Cahawba Archaeological Park, and the National Voting Rights Museum.
FHA Down Payment Assistance Home Loan in Selma, Alabama
