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 Shelby, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Shelby, AL provides a financial boost to eligible homebuyers in Shelby, 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 Shelby, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Shelby, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Shelby, 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 Shelby, 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 Shelby, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Shelby, 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 Shelby, 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 Shelby, 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 significant advantages to homebuyers in Shelby, Alabama. These loans require a lower down payment, typically as low as 3.5%, making homeownership more accessible to a wider range of individuals and families. Additionally, FHA loans have less stringent credit score requirements, allowing applicants with less-than-perfect credit to qualify for financing. Shelby, Alabama, boasts a diverse demographic profile, with a mix of young professionals, families, and retirees. The area's population has been steadily growing, attracted by the region's strong job market and affordable cost of living. With a focus on community, Shelby offers residents a welcoming and inclusive environment to call home. The housing market in Shelby, Alabama, is robust, with a range of options available to prospective buyers. Whether you are looking for a cozy suburban home or a spacious rural retreat, Shelby has something to offer everyone. The market remains competitive, but FHA Down Payment Assistance Home Loans can give buyers an edge in securing their dream home. In addition to its vibrant housing market, Shelby, Alabama, boasts a variety of attractions for residents and visitors alike. From picturesque parks and outdoor recreation areas to charming local shops and restaurants, Shelby offers a high quality of life. The area's rich history and cultural heritage provide a unique backdrop for those looking to put down roots in this thriving community.
FHA Down Payment Assistance Home Loan Benefits in Shelby, Alabama
