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 Colfax, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Colfax, CA provides a financial boost to eligible homebuyers in Colfax, 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 Colfax, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Colfax, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Colfax, 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 Colfax, 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 Colfax, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Colfax, 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 Colfax, 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 Colfax, 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.
1. Benefits of FHA Down Payment Assistance Home Loan: One of the key benefits of an FHA down payment assistance home loan in Colfax, California is that it allows individuals with lower credit scores to qualify for home ownership. This program also offers competitive interest rates and lower down payment requirements, making it more accessible for first-time buyers. 2. Demographics: Colfax, California, is a charming town with a population of approximately 2,000 residents. The town has a mix of families, young professionals, and retirees, creating a diverse community. The median household income is around the national average, making it an attractive option for those looking to settle down. 3. Housing Market in Colfax: The housing market in Colfax is on the rise, with a steady increase in property values over the past few years. The availability of FHA down payment assistance home loans has contributed to the growth, attracting more buyers to the market. The town offers a mix of historic homes and new constructions, catering to various preferences. 4. Main Attractions: Colfax is known for its outdoor recreational opportunities, including hiking trails, fishing spots, and camping grounds. The town's historic downtown area is lined with quaint shops, restaurants, and cafes, offering a vibrant atmosphere for residents and visitors alike.
Exploring the Benefits of FHA Down Payment Assistance Home Loan in Colfax, California
