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 Burlingame, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Burlingame, CA provides a financial boost to eligible homebuyers in Burlingame, 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 Burlingame, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Burlingame, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Burlingame, 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 Burlingame, 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 Burlingame, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Burlingame, 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 Burlingame, 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 Burlingame, 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 Loans in Burlingame, California offer numerous benefits to first-time homebuyers. These loans require a lower down payment, making homeownership more accessible. The program also provides competitive interest rates and allows for higher debt-to-income ratios, making it easier for individuals to qualify for a mortgage. In terms of demographics, Burlingame, California, boasts a diverse population with a mix of young professionals, families, and retirees. The city offers top-rated schools, a vibrant community, and easy access to San Francisco and Silicon Valley, making it an attractive location for individuals of all ages. The housing market in Burlingame is competitive, with a strong demand for housing due to its desirable location and amenities. The market offers a variety of housing options, including single-family homes, townhouses, and condos. The median home price in Burlingame is above the national average, reflecting the city's high desirability among buyers. Some of the main attractions in Burlingame include the picturesque Washington Park, Burlingame Avenue lined with shops and restaurants, and the stunning views of the San Francisco Bay. The city also hosts various community events throughout the year, enhancing its vibrant and welcoming atmosphere.
Benefits of FHA Down Payment Assistance Home Loan
