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 Ballico, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ballico, CA provides a financial boost to eligible homebuyers in Ballico, 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 Ballico, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ballico, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ballico, 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 Ballico, 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 Ballico, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ballico, 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 Ballico, 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 Ballico, 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 Ballico, California offers numerous benefits to potential homebuyers. It helps individuals with lower credit scores qualify for a loan, provides a low down payment option, and offers competitive interest rates, making homeownership more accessible. Ballico, California, with a population of around 400 residents, is a small, close-knit community located in Merced County. The area boasts a diverse demographic composition, including families, retirees, and young professionals, creating a vibrant and inclusive neighborhood. The housing market in Ballico, California, is characterized by a mix of single-family homes and ranch-style properties. With the FHA Down Payment Assistance Home Loan, first-time homebuyers have the opportunity to purchase affordable housing in a serene and picturesque environment, creating a strong sense of community. Apart from its housing options, Ballico offers various attractions such as local parks, recreational activities along the Merced River, and proximity to Yosemite National Park, making it an ideal location for outdoor enthusiasts and nature lovers alike.
Benefits of FHA Down Payment Assistance Home Loan in Ballico, California
