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 Borrego Springs, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Borrego Springs, CA provides a financial boost to eligible homebuyers in Borrego Springs, 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 Borrego Springs, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Borrego Springs, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, 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 Loan in Borrego Springs offers numerous advantages such as low down payment requirements, competitive interest rates, and lenient credit score criteria. This helps make homeownership more accessible to a wider range of individuals and families. Borrego Springs, California, has a diverse demographic mix, with a significant population of retirees attracted to its serene desert setting. The town also hosts a growing community of young professionals and families seeking a peaceful lifestyle away from the hustle and bustle of city living. The housing market in Borrego Springs presents a mix of single-family homes, townhouses, and condos, catering to various needs and preferences. With the FHA Down Payment Assistance Home Loan, potential buyers can explore these housing options and find a place to call home in this unique desert town.
The Benefits of FHA Down Payment Assistance Home Loan in Borrego Springs, California
