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 Big Bear Lake, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Big Bear Lake, CA provides a financial boost to eligible homebuyers in Big Bear Lake, 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 Big Bear Lake, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Big Bear Lake, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Big Bear Lake, 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 Big Bear Lake, 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 Big Bear Lake, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Big Bear Lake, 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 Big Bear Lake, 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 Big Bear Lake, 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 Big Bear Lake, California is the reduced down payment requirements. Borrowers can qualify for a loan with a down payment as low as 3.5%, making homeownership more accessible. Additionally, FHA loans offer competitive interest rates and flexible credit score requirements, making them a viable option for first-time homebuyers or those with less-than-perfect credit. Furthermore, FHA loans often have lower closing costs compared to conventional loans, providing additional savings for borrowers. This can make the home buying process more affordable and less financially burdensome. Demographics Big Bear Lake, California, is a picturesque mountain community with a population of just under 6,000 residents. The town attracts a mix of full-time residents, second homeowners, and tourists seeking outdoor recreational activities. Housing Market The housing market in Big Bear Lake offers a variety of options, including cozy cabins, luxury estates, and lakefront properties. With a median home price of around $350,000, the market is considered affordable compared to other Southern California areas. Main Attractions Big Bear Lake is known for its outdoor adventures, including boating, fishing, skiing, and hiking. The town also boasts a charming village with shops, restaurants, and a brewery, making it a popular destination for both residents and visitors.
Benefits of FHA Down Payment Assistance Home Loan in Big Bear Lake, California
