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 Bakersfield, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bakersfield, CA provides a financial boost to eligible homebuyers in Bakersfield, 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 Bakersfield, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bakersfield, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bakersfield, 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 Bakersfield, 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 Bakersfield, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bakersfield, 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 Bakersfield, 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 Bakersfield, 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 key benefits of an FHA Down Payment Assistance Home Loan in Bakersfield, California is that it allows individuals to purchase a home with a lower down payment requirement compared to a traditional loan. This can make homeownership more accessible to first-time buyers or those with limited savings. Additionally, FHA loans often have competitive interest rates and may be more flexible when it comes to credit score requirements, making them a viable option for individuals who may not qualify for conventional loans. Furthermore, FHA loans offer the possibility of including the closing costs in the loan amount, reducing the upfront expenses associated with buying a home.
Benefits of FHA Down Payment Assistance Home Loan in Bakersfield, California
