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 Arcadia, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Arcadia, CA provides a financial boost to eligible homebuyers in Arcadia, 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 Arcadia, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Arcadia, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Arcadia, 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 Arcadia, 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 Arcadia, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Arcadia, 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 Arcadia, 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 Arcadia, 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.
FHA Down Payment Assistance Home Loan in Arcadia, California provides financial help to first-time homebuyers by offering lower down payment options, making homeownership more attainable. This type of loan also allows for lower credit scores, making it easier for individuals with less than perfect credit to qualify for a mortgage. Moreover, FHA loans have competitive interest rates and government-backed security, giving lenders confidence and borrowers peace of mind. Demographics: Arcadia, California, is a diverse city with a population predominantly made up of Asian Americans, including Chinese and Filipino communities. Housing Market: Arcadia's housing market is competitive, with a mix of single-family homes and condos catering to various budgets. The FHA Down Payment Assistance program can help buyers gain an edge in this market. Main Attractions: Arcadia is known for its Santa Anita Park racetrack, Los Angeles County Arboretum and Botanic Garden, and Westfield Santa Anita Mall, offering residents plenty of leisure and shopping options.
Benefits of FHA Down Payment Assistance Home Loan in Arcadia, California
