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 Cloverdale, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Cloverdale, CA provides a financial boost to eligible homebuyers in Cloverdale, 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 Cloverdale, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Cloverdale, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Cloverdale, 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 Cloverdale, 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 Cloverdale, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Cloverdale, 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 Cloverdale, 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 Cloverdale, 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.
First and foremost, one of the key benefits of an FHA Down Payment Assistance home loan in Cloverdale, California is the lower down payment requirement. This can make home ownership more accessible to individuals who may not have the means to afford a traditional down payment. In addition, FHA loans typically have more flexible credit requirements, making it easier for individuals with less-than-perfect credit scores to qualify for a mortgage. This can be especially beneficial for first-time homebuyers looking to enter the market. Furthermore, FHA loans offer competitive interest rates compared to conventional loans, potentially saving borrowers money over the life of the loan. Combined with the assistance programs available in Cloverdale, these loans can provide a valuable opportunity for prospective homebuyers.
Benefits of FHA Down Payment Assistance Home Loan in Cloverdale, California
