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 Bishop, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bishop, CA provides a financial boost to eligible homebuyers in Bishop, 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 Bishop, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bishop, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bishop, 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 Bishop, 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 Bishop, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bishop, 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 Bishop, 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 Bishop, 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 to potential home buyers in Bishop, California. These loans provide a lower down payment requirement, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often have competitive interest rates, helping buyers save money in the long term. Furthermore, the Federal Housing Administration (FHA) provides flexibility in qualifying criteria, making it easier for first-time buyers and those with less-than-perfect credit scores to secure financing. The down payment assistance programs available through FHA can help buyers cover upfront costs, reducing financial strain during the home purchasing process. Bishop, California, located in the beautiful Owens Valley, boasts a diverse population with a mix of residents from various backgrounds. The region's demographics include a blend of young professionals, families, and retirees, creating a vibrant and inclusive community. The housing market in Bishop offers a variety of options, from historic homes to modern developments. With the assistance of FHA loans, buyers can explore these choices with greater ease and financial support. The market features a range of prices, catering to different budgets and preferences. Not only does Bishop provide a range of housing options, but it also offers stunning natural attractions such as the Sierra Nevada Mountains and the Inyo National Forest. Outdoor enthusiasts can enjoy recreational activities like hiking, fishing, and skiing in the picturesque surroundings of Bishop, making it an ideal place to call home.
Benefits of FHA Down Payment Assistance Home Loan in Bishop, California
