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 Brea, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Brea, CA provides a financial boost to eligible homebuyers in Brea, 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 Brea, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Brea, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Brea, 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 Brea, 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 Brea, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Brea, 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 Brea, 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 Brea, 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 Brea, California, is the lower down payment requirement. This makes homeownership more accessible to individuals who may not have the funds for a large down payment. Another advantage is the competitive interest rates offered by FHA loans, which can result in savings over the life of the loan. Additionally, the FHA loan program allows for higher debt-to-income ratios, making it easier for borrowers to qualify. Furthermore, FHA loans are more lenient when it comes to credit score requirements, making them suitable for first-time homebuyers or those with less-than-perfect credit. Demographics of Brea, California Brea, California, is a vibrant city with a population that is diverse in age, ethnicity, and income levels. The city has a mix of young families, professionals, and retirees, creating a dynamic community. Housing Market in Brea, California The housing market in Brea, California, is competitive with a mix of single-family homes, townhouses, and apartments. The real estate market has been growing steadily, making it an attractive location for both homebuyers and investors. Main Attractions in Brea, California Brea is known for its beautiful parks, shopping centers, and cultural attractions. The city is home to the Brea Mall, a popular shopping destination, as well as the Brea Museum and Heritage Center, which showcases the city's history.
Benefits of FHA Down Payment Assistance Home Loan in Brea, California
