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 Burney, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Burney, CA provides a financial boost to eligible homebuyers in Burney, 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 Burney, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Burney, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Burney, 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 Burney, 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 Burney, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Burney, 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 Burney, 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 Burney, 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 Burney, California offer numerous benefits. Firstly, they provide financial support for individuals and families who may struggle with a traditional down payment. This assistance can make homeownership a reality for those who may not have been able to afford it otherwise. Secondly, FHA loans typically have lower credit score requirements compared to conventional loans, making them accessible to a wider range of borrowers. Additionally, these loans often come with competitive interest rates, allowing borrowers to save money over the long term. Lastly, FHA loans require a smaller down payment compared to conventional loans, which can help borrowers preserve their savings or use the funds for other expenses related to purchasing a home. Demographics: Burney, California, is a diverse community with a population that includes individuals from various cultural backgrounds and age groups. The town has a mix of working professionals, families, and retirees, creating a vibrant and inclusive atmosphere. Housing Market: The housing market in Burney offers a range of options, from single-family homes to apartments and condos. The market is relatively stable, with moderate appreciation rates. The availability of FHA Down Payment Assistance Home Loans can further stimulate the housing market by attracting more buyers and increasing homeownership rates. Main Attractions: Burney is known for its stunning natural beauty, including nearby attractions such as McArthur-Burney Falls Memorial State Park, where visitors can enjoy hiking, camping, and picnicking. The town also offers a variety of local shops, restaurants, and community events that contribute to its unique charm.
Benefits of FHA Down Payment Assistance Home Loan in Burney, California
