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 Compton, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Compton, CA provides a financial boost to eligible homebuyers in Compton, 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 Compton, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Compton, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Compton, 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 Compton, 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 Compton, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Compton, 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 Compton, 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 Compton, 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.
With an FHA down payment assistance home loan in Compton, California, potential homeowners can enjoy lower down payment requirements, making it easier to purchase a home without a large initial investment. This option can be especially beneficial for first-time buyers or those with limited savings. Compton, California, is a diverse city with a population that includes a mix of African American, Hispanic, and Asian residents. The median household income is around $43,000, and the city offers a variety of housing options to suit different budgets and lifestyles. The housing market in Compton is dynamic, with a range of properties available, from single-family homes to multi-unit buildings. The median home value in Compton is approximately $400,000, making it an attractive location for those looking to invest in real estate or find a place to call home. Some of the main attractions in Compton include the iconic Crystal Casino, the Heritage House, and the popular Compton Creek Natural Park. These attractions offer residents and visitors opportunities for entertainment, relaxation, and enjoyment of the city's unique history and natural beauty.
FHA Down Payment Assistance Home Loan Benefits in Compton, California
