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 Corcoran, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Corcoran, CA provides a financial boost to eligible homebuyers in Corcoran, 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 Corcoran, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Corcoran, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Corcoran, 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 Corcoran, 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 Corcoran, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Corcoran, 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 Corcoran, 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 Corcoran, 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. Lower Initial Investment: One of the key advantages of an FHA loan with down payment assistance is the reduced upfront costs. This can help first-time homebuyers in Corcoran, California, who may have limited savings, to achieve homeownership. 2. Flexible Credit Requirements: FHA loans are known for accommodating borrowers with lower credit scores. By providing down payment assistance, more individuals in Corcoran can qualify for this type of loan, making homeownership more accessible. 3. Stability and Predictable Payments: With a fixed-rate FHA loan, borrowers benefit from the peace of mind of knowing their mortgage payments will remain consistent over the long term, providing financial security in Corcoran's housing market. Demographics in Corcoran, California Corcoran, located in Kings County, California, has a population of approximately 25,000 residents. The community is diverse, with a mix of ethnicities, including Hispanic, White, and African American individuals, creating a rich tapestry of cultures. Housing Market in Corcoran, California The housing market in Corcoran is relatively affordable compared to neighboring areas in California. With a median home price below the state average, potential buyers can find more affordable housing options, especially with FHA down payment assistance programs. Main Attractions in Corcoran, California Corcoran offers various recreational opportunities, including Corcoran City Park, where residents can enjoy picnics and outdoor activities. Additionally, the nearby Sequoia National Park provides stunning natural beauty and outdoor adventures for nature enthusiasts.
Benefits of FHA Down Payment Assistance Home Loan in Corcoran, California
