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 Shorter, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Shorter, AL provides a financial boost to eligible homebuyers in Shorter, 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 Shorter, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Shorter, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Shorter, 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 Shorter, 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 Shorter, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Shorter, 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 Shorter, 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 Shorter, 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.
1. **Benefits** 2. **Demographics** 3. **Housing Market**
Benefits of FHA Down Payment Assistance Home Loan in Shorter, Alabama
FHA down payment assistance home loans offer low down payment requirements, making homeownership more accessible. These loans also have competitive interest rates and flexible credit score requirements, making them an attractive option for first-time buyers or those with less-than-perfect credit.
Shorter, Alabama, has a diverse population with a mix of age groups. The median household income is approximately $40,000, and the cost of living is relatively lower compared to nearby cities. The town has a strong sense of community and a welcoming atmosphere.
Shorter's housing market offers a variety of options, from single-family homes to apartments. The median home price is around $100,000, making it an affordable choice for homebuyers. With the help of FHA down payment assistance programs, more residents can achieve their dream of homeownership.
