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 Bloomington, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bloomington, CA provides a financial boost to eligible homebuyers in Bloomington, 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 Bloomington, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bloomington, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bloomington, 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 Bloomington, 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 Bloomington, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bloomington, 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 Bloomington, 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 Bloomington, 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 Bloomington, California offers many benefits to prospective homebuyers. One of the primary advantages is the lower down payment requirement, making homeownership more accessible for individuals and families with limited savings. Additionally, FHA loans often have more flexible credit score requirements, expanding the pool of eligible borrowers. Demographics in Bloomington show a diverse community with a mix of ethnicities. The population consists of a blend of young families, working professionals, and retirees, creating a vibrant and inclusive neighborhood. The area is known for its friendly atmosphere and strong sense of community, making it an attractive place to call home. The housing market in Bloomington, California, offers a variety of options ranging from single-family homes to townhouses and condos. The market is competitive yet stable, with average home prices showing consistent growth over the past few years. With the assistance of FHA loans, first-time buyers can enter the market with more confidence and affordability. Main attractions in Bloomington include beautiful parks, recreational facilities, and easy access to nearby hiking trails. Residents can enjoy a mix of outdoor activities and urban conveniences, with shopping centers and dining options within close proximity. The area's proximity to major highways also provides easy commuting options to nearby cities.
Benefits of FHA Down Payment Assistance Home Loan in Bloomington, California
