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 Colton, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Colton, CA provides a financial boost to eligible homebuyers in Colton, 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 Colton, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Colton, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Colton, 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 Colton, 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 Colton, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Colton, 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 Colton, 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 Colton, 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: 1. Low Down Payment: FHA loans offer a lower down payment option compared to conventional loans, making homeownership more accessible. 2. Assistance Programs: There are various down payment assistance programs available to help potential buyers cover upfront costs. 3. Competitive Interest Rates: FHA loans typically have competitive interest rates, making them an attractive option for buyers. Demographics: Colton, California, has a diverse population with a mix of young families, professionals, and retirees. The city has a strong sense of community and offers a range of amenities. Housing Market: The housing market in Colton is vibrant, with a mix of housing options ranging from single-family homes to apartments. The median home price is affordable compared to neighboring areas, making it an attractive location for buyers. Main Attractions: Colton boasts several attractions, including the historic downtown area, parks, and recreational facilities. The city is close to popular destinations like Big Bear Lake and is a short drive from Los Angeles.
FHA Down Payment Assistance Home Loan Benefits in Colton, California
