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 Arcata, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Arcata, CA provides a financial boost to eligible homebuyers in Arcata, 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 Arcata, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Arcata, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Arcata, 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 Arcata, 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 Arcata, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Arcata, 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 Arcata, 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 Arcata, 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 Loans in Arcata, California offer numerous benefits to prospective homebuyers. These loans allow for lower down payments, making homeownership more accessible to those with limited funds. Additionally, FHA loans often have lower credit score requirements and can offer competitive interest rates, making them an attractive option for first-time buyers or those with less-than-perfect credit. Arcata, California, located in Humboldt County, has a diverse population with a strong sense of community. The area is known for its progressive values, vibrant arts scene, and outdoor recreational opportunities. With a mix of students, families, and retirees, Arcata offers a welcoming and inclusive environment for residents of all ages and backgrounds. The housing market in Arcata, California, is a dynamic and competitive one. With a range of housing options from historic homes to modern developments, there is something for everyone in Arcata. While home prices have been steadily increasing in recent years, the market remains relatively affordable compared to other parts of California, making it an attractive option for those looking to buy a home in a picturesque coastal town. Main attractions in Arcata, California, include the Arcata Plaza, a central gathering place surrounded by shops, restaurants, and cafes. The town is also home to Humboldt State University, offering cultural and educational opportunities to residents and visitors alike. Outdoor enthusiasts will enjoy exploring the nearby Redwood National and State Parks, which boast some of the tallest trees in the world and stunning natural beauty.
Benefits of FHA Down Payment Assistance Home Loan in Arcata, California
