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 Cathedral City, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Cathedral City, CA provides a financial boost to eligible homebuyers in Cathedral City, 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 Cathedral City, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Cathedral City, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Cathedral City, 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 Cathedral City, 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 Cathedral City, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Cathedral City, 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 Cathedral City, 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 Cathedral City, 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: The FHA loan program provides financial assistance to first-time homebuyers or those with less-than-perfect credit. It offers a low down payment requirement, allowing borrowers to secure a home with as little as 3.5% down. Additionally, the program offers competitive interest rates and flexible qualification criteria, making homeownership more accessible. Demographics: Cathedral City, California, is a diverse city with a population that includes a mix of young professionals, families, and retirees. The city has a strong Hispanic community and offers a welcoming environment for residents of all backgrounds. Housing Market: Cathedral City's housing market is diverse, featuring a range of options from single-family homes to condos and townhouses. The market is currently experiencing steady growth, with both new construction and resale properties available. The FHA loan program provides an excellent opportunity for individuals to enter the housing market in Cathedral City. Main Attractions: Cathedral City boasts several attractions, including the Big League Dreams Sports Park, the Mary Pickford Theatre, and the Cathedral Canyon Golf Club. Residents can also enjoy the city's numerous parks, hiking trails, and proximity to Palm Springs for additional entertainment options.
FHA Down Payment Assistance Home Loan in Cathedral City, California
