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 Chico, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Chico, CA provides a financial boost to eligible homebuyers in Chico, 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 Chico, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Chico, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Chico, 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 Chico, 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 Chico, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Chico, 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 Chico, 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 Chico, 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 Loans offer various benefits to potential homebuyers in Chico, California. These loans typically require a lower down payment compared to conventional loans, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often have more flexible credit requirements, allowing individuals with less-than-perfect credit scores to qualify. Demographics in Chico, California show a dynamic and diverse population. The city is home to a mix of young professionals, families, and retirees, creating a vibrant community with a range of cultural influences. Chico is known for its welcoming atmosphere and strong sense of community, making it an attractive place to settle down and purchase a home. The housing market in Chico, California is currently experiencing steady growth, with a diverse range of properties available to potential buyers. The median home price in Chico is reasonable compared to other California cities, making it an appealing location for first-time buyers or those looking to invest in real estate. With the assistance of FHA loans, prospective homeowners can take advantage of the market and find their dream home in Chico. Main attractions in Chico, California include the beautiful Bidwell Park, a sprawling green space offering hiking trails, picnic areas, and outdoor recreation opportunities. The city is also known for its local dining scene, with a variety of restaurants serving up delicious farm-to-table cuisine. Additionally, Chico is located near the Sierra Nevada mountain range, providing residents with easy access to outdoor adventures such as camping, skiing, and hiking.
Benefits of FHA Down Payment Assistance Home Loan in Chico, California
