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 Waverly, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Waverly, AL provides a financial boost to eligible homebuyers in Waverly, 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 Waverly, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Waverly, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Waverly, 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 Waverly, 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 Waverly, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Waverly, 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 Waverly, 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 Waverly, 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 Waverly, Alabama offer qualifying homebuyers the opportunity to purchase a home with a lower down payment, making homeownership more accessible and affordable. This program provides financial assistance to eligible individuals, allowing them to secure a loan with as little as 3.5% down, compared to the traditional 20% down payment required by most conventional loans. Demographically, Waverly, Alabama, has a diverse population with a mix of young families, retirees, and professionals. The area is known for its tight-knit community, excellent schools, and a lower cost of living compared to surrounding areas, making it an attractive option for those looking to settle down in a welcoming environment. In terms of the housing market, Waverly, Alabama, offers a range of housing options, including single-family homes, townhouses, and apartments. The market is relatively stable, with steady appreciation rates over the years. With the assistance of FHA loans, prospective homebuyers can take advantage of the favorable market conditions and invest in their dream home in Waverly. Some of the main attractions in Waverly include its picturesque natural scenery, hiking trails, and proximity to Lake Martin, which offers a variety of water activities. The town also boasts charming local shops, restaurants, and community events that showcase the vibrant culture and spirit of Waverly, making it a wonderful place to call home.
The Benefits of FHA Down Payment Assistance Home Loan in Waverly, Alabama
