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 Winfield, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Winfield, AL provides a financial boost to eligible homebuyers in Winfield, 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 Winfield, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Winfield, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Winfield, 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 Winfield, 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 Winfield, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Winfield, 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 Winfield, 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 Winfield, 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.
Benefits of FHA Down Payment Assistance Home Loan: FHA loans in Winfield, Alabama provide assistance to first-time homebuyers by allowing a lower down payment, often as low as 3.5%. This makes homeownership more accessible to individuals who may not have significant savings for a traditional down payment. Additionally, FHA loans offer competitive interest rates and flexible qualification requirements. Demographics: Winfield is a small town in Alabama with a population of approximately 5,000 residents. The community is known for its friendly atmosphere and tight-knit community feel. The town has a mix of both young families and retirees, creating a diverse and welcoming environment. Housing Market: The housing market in Winfield offers a variety of options for homebuyers, from historic homes with charm and character to newer construction properties. The median home price in Winfield is affordable, making it an attractive location for those looking to purchase their first home or downsize in retirement. Main Attractions: Winfield is home to beautiful outdoor spaces such as the Winfield City Park and Guin Nature Park, where residents can enjoy picnicking, hiking, and outdoor recreation. The town also hosts events throughout the year, including the Mule Day Festival, featuring parades, live music, and local vendors.
FHA Down Payment Assistance Home Loan in Winfield, Alabama
