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 Sheffield, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Sheffield, AL provides a financial boost to eligible homebuyers in Sheffield, 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 Sheffield, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Sheffield, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Sheffield, 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 Sheffield, 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 Sheffield, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Sheffield, 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 Sheffield, 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 Sheffield, 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 offer benefits such as lower down payment requirements, competitive interest rates, and easier qualification criteria for first-time homebuyers in Sheffield, Alabama. Sheffield, Alabama, with a population of approximately 9,000, boasts a diverse community with a mix of young families and retirees. The city has a strong sense of community and offers a range of amenities such as parks, schools, and shopping centers. The housing market in Sheffield is competitive yet affordable, with a variety of housing options ranging from historic homes to modern developments. The median home price is around $150,000, making it an attractive market for first-time buyers looking to invest in their own property. Some of the main attractions in Sheffield include the historic Ritz Theatre, the scenic Riverfront Park, and the renowned Helen Keller Birthplace. These attractions offer residents and visitors alike a glimpse into the city's rich history and culture.
Benefits of FHA Down Payment Assistance Home Loan in Sheffield, Alabama
