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 Spring Garden, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Spring Garden, AL provides a financial boost to eligible homebuyers in Spring Garden, 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 Spring Garden, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Spring Garden, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Spring Garden, 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 Spring Garden, 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 Spring Garden, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Spring Garden, 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 Spring Garden, 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 Spring Garden, 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 numerous benefits to potential homebuyers in Spring Garden, Alabama. These loans require a lower down payment, often as low as 3.5% of the home's purchase price, making homeownership more accessible to individuals who may not have substantial savings. Spring Garden, Alabama, is a charming rural community with a population that values a close-knit small-town atmosphere. The demographic makeup includes a mix of families, retirees, and young professionals seeking a peaceful and scenic environment to call home. The housing market in Spring Garden presents a range of options, from cozy single-family homes to spacious ranch-style properties. With the assistance of FHA loans, prospective buyers can explore affordable housing opportunities and invest in their dream homes with favorable financing terms. In addition to its attractive housing market, Spring Garden boasts several main attractions, such as scenic nature trails, historic landmarks, and community events that showcase the town's rich heritage. Residents can enjoy outdoor activities and cultural experiences that make Spring Garden a special place to live.
FHA Down Payment Assistance Home Loan Benefits in Spring Garden, Alabama
