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 Burbank, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Burbank, CA provides a financial boost to eligible homebuyers in Burbank, 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 Burbank, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Burbank, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Burbank, 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 Burbank, 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 Burbank, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Burbank, 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 Burbank, 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 Burbank, 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.
Benefits: FHA down payment assistance home loans in Burbank, California provide a lower down payment requirement, making homeownership more accessible. These loans also come with competitive interest rates, making them a cost-effective option for first-time homebuyers. Additionally, FHA loans offer flexible credit score requirements, accommodating a wider range of borrowers. Demographics: Burbank, California, is a diverse city with a population that includes young professionals, families, and retirees. The city boasts a thriving entertainment industry, attracting individuals from various backgrounds. Burbank's demographic makeup contributes to its vibrant culture and community. Housing Market: The housing market in Burbank is competitive, with a mix of single-family homes, condos, and apartments. Home prices have appreciated steadily in recent years, reflecting the city's desirability. FHA down payment assistance home loans provide an opportunity for buyers to enter this market and secure a property in this sought-after location. Main Attractions: Burbank offers a range of attractions, including the Warner Bros. Studio Tour, where visitors can experience behind-the-scenes glimpses of their favorite shows and movies. The city also features beautiful parks, shopping centers, and a vibrant food scene, providing residents with diverse entertainment options.
FHA Down Payment Assistance Home Loan Benefits in Burbank, California
