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 Avalon, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Avalon, CA provides a financial boost to eligible homebuyers in Avalon, 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 Avalon, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Avalon, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Avalon, 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 Avalon, 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 Avalon, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Avalon, 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 Avalon, 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 Avalon, 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.
The FHA Down Payment Assistance Home Loan in Avalon, California provides a great opportunity for first-time homebuyers or those with limited savings to achieve homeownership. With lower down payment requirements and competitive interest rates, this loan program makes purchasing a home more affordable and accessible. Demographics: Avalon, California, is a picturesque city located on Catalina Island. With a population of around 4,000 residents, the community is diverse and welcoming. The city enjoys a Mediterranean climate and offers a unique island living experience. Housing Market: The housing market in Avalon is vibrant, with a mix of charming historic homes, modern waterfront properties, and cozy island cottages. The availability of FHA Down Payment Assistance Home Loans can make buying a home here more achievable, contributing to the growth of the real estate market. Main Attractions: Avalon offers a range of attractions, including the scenic Avalon Bay, the iconic Catalina Casino, and the picturesque Descanso Beach. Residents and visitors can enjoy activities like snorkeling, hiking, and exploring the charming shops and restaurants in the downtown area.
Benefits of FHA Down Payment Assistance Home Loan in Avalon, California
