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 Carmichael, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Carmichael, CA provides a financial boost to eligible homebuyers in Carmichael, 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 Carmichael, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Carmichael, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Carmichael, 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 Carmichael, 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 Carmichael, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Carmichael, 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 Carmichael, 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 Carmichael, 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 Loan programs in Carmichael, California offer numerous benefits to prospective homeowners. One of the primary advantages is the ability to purchase a home with a lower down payment, typically as low as 3.5% of the home's purchase price. This makes homeownership more accessible to individuals who may not have substantial savings for a traditional down payment. Demographically, Carmichael, California is a diverse and vibrant community located in Sacramento County. The area boasts a mix of young professionals, families, and retirees. With a strong sense of community and access to excellent schools, Carmichael is an attractive place for individuals and families looking to settle down. The housing market in Carmichael, California is dynamic and offers a range of options for homebuyers. From single-family homes in established neighborhoods to modern condominiums and townhouses, there is something for everyone in Carmichael. The market is competitive, with steady home appreciation rates making it a solid investment opportunity. Carmichael, California is home to a variety of main attractions that cater to residents and visitors alike. The Ancil Hoffman Park, American River Parkway, and Effie Yeaw Nature Center offer opportunities for outdoor recreation and exploration. Additionally, the area is dotted with restaurants, cafes, and boutique shops that contribute to its unique charm.
FHA Down Payment Assistance Home Loan Benefits in Carmichael, California
