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 By The Sea, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Carmel By The Sea, CA provides a financial boost to eligible homebuyers in Carmel By The Sea, 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 By The Sea, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Carmel By The Sea, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Carmel By The Sea, 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 By The Sea, 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 By The Sea, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Carmel By The Sea, 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 By The Sea, 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 By The Sea, 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 of FHA Down Payment Assistance Home Loan: An FHA loan allows for a lower down payment compared to conventional loans, making homeownership more accessible. With down payment assistance, buyers can further reduce their upfront costs, making it easier to purchase a home in Carmel By The Sea. Additionally, FHA loans offer competitive interest rates and flexible credit requirements, providing opportunities for individuals with less-than-perfect credit to qualify for a mortgage. Demographics: Carmel By The Sea, located in Monterey County, has a population of around 3,800 residents. The community is known for its artistic heritage and attracts a mix of retirees, artists, and tourists seeking a picturesque coastal setting. Housing Market: The Carmel By The Sea housing market is characterized by a mix of charming cottages, luxury estates, and unique architecture. The median home price is around $2 million, with a competitive market driven by high demand for coastal properties. Main Attractions: Visitors and residents of Carmel By The Sea can enjoy attractions such as the scenic Carmel Beach, art galleries along Ocean Avenue, the historic Carmel Mission, and world-class dining options ranging from cozy cafes to fine dining establishments.
FHA Down Payment Assistance Home Loan in Carmel By The Sea, California
