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 Sterrett, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Sterrett, AL provides a financial boost to eligible homebuyers in Sterrett, 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 Sterrett, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Sterrett, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Sterrett, 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 Sterrett, 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 Sterrett, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Sterrett, 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 Sterrett, 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 Sterrett, 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 in Sterrett, Alabama offer numerous benefits to homebuyers. These loans require a lower down payment, making home ownership more accessible. Additionally, FHA loans have competitive interest rates and are easier to qualify for, especially for first-time homebuyers. The down payment assistance further reduces financial strain, helping individuals and families achieve their dream of owning a home. Sterrett, Alabama, is a charming town with a diverse demographic profile. The population consists of a mix of young families, professionals, and retirees. The community is known for its friendly atmosphere and strong sense of local pride. With a growing economy and a range of housing options, Sterrett appeals to individuals looking for a tight-knit community with access to urban amenities. The housing market in Sterrett, Alabama, is dynamic and offers a variety of options for potential homebuyers. The median home price is competitive, making it an attractive location for buyers looking for affordable housing options. With the assistance of FHA loans, more individuals can enter the housing market in Sterrett, contributing to the growth and diversity of the community. Sterrett, Alabama, boasts several main attractions that showcase the town's unique character. Outdoor enthusiasts can enjoy hiking and exploring the nearby Oak Mountain State Park, while history buffs can visit the Tannehill Ironworks Historical State Park. The town also offers a range of dining options, local shops, and cultural events, providing residents with a rich and fulfilling lifestyle.
FHA Down Payment Assistance Home Loan Benefits in Sterrett, Alabama
