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 Calexico, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Calexico, CA provides a financial boost to eligible homebuyers in Calexico, 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 Calexico, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Calexico, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Calexico, 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 Calexico, 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 Calexico, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Calexico, 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 Calexico, 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 Calexico, 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 obtaining an FHA down payment assistance home loan in Calexico, California is the lower down payment requirements. This program allows borrowers to put down as little as 3.5% of the purchase price, making homeownership more accessible. Another advantage is the lenient credit score requirements, which can be beneficial for first-time homebuyers or those with less than perfect credit histories. Additionally, FHA loans offer competitive interest rates, helping borrowers save money over the life of the loan. Moreover, FHA loans also provide options for refinancing, renovation loans, and streamline refinancing programs, offering borrowers flexibility and opportunities to improve their homes or financial situations. Demographics Calexico, California, is a diverse city located on the border with Mexico, known for its rich Hispanic culture and community. The city has a growing population of around 40,000 residents, with a median age of 32 years. Housing Market The housing market in Calexico offers a variety of options ranging from affordable single-family homes to modern condominiums. The median home price is approximately $240,000, making it an attractive location for first-time buyers and investors. Main Attractions Calexico is home to the Gran Plaza Outlets, a popular shopping destination for locals and visitors alike. The city also boasts a vibrant culinary scene with authentic Mexican restaurants and street food vendors. Additionally, the nearby New River and Imperial Sand Dunes provide opportunities for outdoor recreational activities.
Benefits of FHA Down Payment Assistance Home Loan in Calexico, California
