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 Trafford, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Trafford, AL provides a financial boost to eligible homebuyers in Trafford, 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 Trafford, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Trafford, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Trafford, 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 Trafford, 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 Trafford, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Trafford, 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 Trafford, 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 Trafford, 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.
There are numerous benefits to utilizing FHA Down Payment Assistance Home Loans in Trafford, Alabama. These loans offer lower down payment requirements, making home ownership more accessible to individuals with limited savings. Additionally, they often have competitive interest rates, allowing borrowers to save money over the life of the loan. Demographically, Trafford, Alabama, is a small, tight-knit community with a population of around 600 residents. The town has a suburban feel and is predominantly made up of families and retirees. The cost of living in Trafford is lower than the national average, making it an attractive option for those looking to purchase a home. The housing market in Trafford is characterized by affordable single-family homes and a stable market with steady appreciation rates. The median home price in Trafford is below the national average, providing buyers with the opportunity to invest in a home without breaking the bank. Some of the main attractions in Trafford include the scenic Blount County Park, renowned for its outdoor recreational activities such as hiking and picnicking. Additionally, the town is situated close to Birmingham, offering residents easy access to a variety of shopping, dining, and entertainment options.
FHA Down Payment Assistance Home Loan Benefits in Trafford, Alabama
