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 Bodega Bay, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Bodega Bay, CA provides a financial boost to eligible homebuyers in Bodega Bay, 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 Bodega Bay, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Bodega Bay, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Bodega Bay, 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 Bodega Bay, 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 Bodega Bay, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Bodega Bay, 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 Bodega Bay, 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 Bodega Bay, 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 Bodega Bay, California is the lower down payment requirement. This makes homeownership more accessible to individuals who may not have substantial savings for a traditional down payment. Another advantage is the competitive interest rates offered with FHA loans, which can help borrowers save money over the life of the loan. Additionally, FHA loans are often more flexible in terms of credit requirements, making it easier for individuals with less than perfect credit to qualify. Moreover, borrowers may benefit from the option to include the closing costs in the loan amount, reducing the upfront expenses associated with purchasing a home. This can make the home buying process more manageable for first-time buyers in Bodega Bay.
Benefits of FHA Down Payment Assistance Home Loan in Bodega Bay, California
