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 Carmel, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Carmel, CA provides a financial boost to eligible homebuyers in Carmel, 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 Carmel, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Carmel, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Carmel, 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 Carmel, 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 Carmel, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Carmel, 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 Carmel, 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 Carmel, 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.
Obtaining an FHA down payment assistance home loan in Carmel, California can be highly beneficial for first-time homebuyers or those with limited funds. This type of loan allows for lower down payments compared to conventional loans, easing the financial burden on buyers. Demographically, Carmel, California is a quaint coastal town known for its artistic heritage and scenic beauty. The population is around 4,000, with a median age of 57 years. The town attracts a mix of retirees, artists, and tourists due to its charming architecture and vibrant arts scene. In terms of the housing market, Carmel offers a mix of historic homes, cozy cottages, and luxury estates. The median home price is around $2 million, making the FHA down payment assistance home loan a valuable option for buyers looking to enter this exclusive market. Some main attractions in Carmel include the iconic Pebble Beach Golf Links, the scenic 17-Mile Drive, and the artistic enclave of Carmel-by-the-Sea. The town is also known for its gourmet restaurants, boutique shops, and stunning beaches, offering a high quality of life for residents.
Benefits of FHA Down Payment Assistance Home Loan in Carmel, California
