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 Avenal, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Avenal, CA provides a financial boost to eligible homebuyers in Avenal, 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 Avenal, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Avenal, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Avenal, 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 Avenal, 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 Avenal, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Avenal, 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 Avenal, 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 Avenal, 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 main benefits of an FHA Down Payment Assistance Home Loan in Avenal, California is the lower down payment requirement which makes homeownership more accessible to individuals with limited savings. Additionally, these loans offer competitive interest rates and are more lenient with credit score requirements, providing opportunities for individuals with less-than-perfect credit to qualify for a mortgage. Moreover, the FHA loans also allow for higher debt-to-income ratios compared to conventional loans, making it easier for borrowers to meet the loan qualifications. Demographics Avenal, California, located in Kings County, has a population of approximately 14,000 residents. The town has a diverse demographic mix with a significant Hispanic population. Housing Market The housing market in Avenal is relatively affordable compared to neighboring cities, with a median home price below the state average. The availability of FHA Down Payment Assistance Home Loans can further help prospective buyers achieve their homeownership dreams. Main Attractions Some main attractions in Avenal include the nearby Tachi Palace Casino Resort, which offers gaming and entertainment options, as well as the beautiful outdoor spaces like the Avenal Park and Recreation Area for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Avenal, California
