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 Covina, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Covina, CA provides a financial boost to eligible homebuyers in Covina, 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 Covina, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Covina, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Covina, 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 Covina, 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 Covina, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Covina, 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 Covina, 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 Covina, 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.
The FHA Down Payment Assistance Home Loan in Covina, California offers numerous benefits to homebuyers. One of the primary advantages is the lower down payment requirement, allowing individuals with limited savings to become homeowners. Demographically, Covina is a diverse city with a mix of residents from various ethnic backgrounds. The population includes a blend of young families, professionals, and retirees, creating a vibrant community atmosphere. The housing market in Covina, California, is currently experiencing steady growth. With the help of FHA down payment assistance programs, more individuals can access affordable housing options in the area, contributing to the overall stability and growth of the real estate market. Covina boasts several main attractions, including the beautiful Covina Park, offering recreational activities for families and individuals. Additionally, the city's historic downtown area features charming shops, restaurants, and cultural landmarks, making it a desirable place to live and visit.
Benefits of FHA Down Payment Assistance Home Loan in Covina, California
