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 Berkeley, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Berkeley, CA provides a financial boost to eligible homebuyers in Berkeley, 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 Berkeley, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Berkeley, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Berkeley, 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 Berkeley, 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 Berkeley, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Berkeley, 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 Berkeley, 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 Berkeley, 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 offer numerous benefits for potential homeowners in Berkeley, California. This type of loan requires a lower down payment, making homeownership more accessible to individuals who may not have substantial savings. Additionally, FHA loans often have lower credit score requirements, providing opportunities for individuals with less-than-perfect credit to qualify for a home loan. Demographically, Berkeley, California is a diverse and vibrant city known for its progressive culture and academic significance due to being home to the renowned University of California, Berkeley. The city has a mix of students, families, and professionals, creating a unique and inclusive community. In terms of the housing market, Berkeley offers a competitive real estate landscape with a mix of historic homes, modern apartments, and charming neighborhoods. The market is dynamic, with a strong demand for housing due to the city's desirable location near San Francisco and Silicon Valley. Some of the main attractions in Berkeley include the iconic Telegraph Avenue, Berkeley Marina, Tilden Regional Park, and the Berkeley Art Museum and Pacific Film Archive. The city is also known for its culinary scene, farmers' markets, and cultural events, offering residents a rich and fulfilling lifestyle.
The Benefits of FHA Down Payment Assistance Home Loan in Berkeley, California
