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 Alviso, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Alviso, CA provides a financial boost to eligible homebuyers in Alviso, CA, 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 Alviso, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Alviso, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Alviso, CA, 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 Alviso, CA 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 Alviso, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Alviso, CA.
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 Alviso, CA. 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 Alviso, CA 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.
One of the primary benefits of an FHA Down Payment Assistance Home Loan in Alviso, California is the lower down payment requirement. With this program, eligible borrowers can put down as little as 3.5% of the purchase price, making homeownership more accessible and affordable. Additionally, FHA loans offer competitive interest rates and are often more flexible with credit requirements, making it easier for first-time homebuyers or those with less-than-perfect credit to qualify for a mortgage. Furthermore, FHA loans allow for higher debt-to-income ratios, providing borrowers with more flexibility when it comes to their finances and making it easier to qualify for a loan.
Benefits of FHA Down Payment Assistance Home Loan in Alviso, California
