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 Davis, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Davis, CA provides a financial boost to eligible homebuyers in Davis, 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 Davis, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Davis, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Davis, 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 Davis, 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 Davis, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Davis, 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 Davis, 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 Davis, 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.
FHA Down Payment Assistance Home Loans in Davis, California provide numerous benefits to first-time homebuyers and those with limited savings. These loans offer lower down payment requirements, making homeownership more accessible to individuals who may not qualify for conventional loans. Additionally, FHA loans typically have lower credit score requirements, providing opportunities for those with less than perfect credit to purchase a home. Demographically, Davis is a diverse and vibrant community located in Yolo County, California. Known for its strong sense of community and excellent schools, Davis attracts families and young professionals alike. The population consists of a mix of students, university faculty, and professionals, creating a dynamic and inclusive environment. The housing market in Davis is relatively stable, with a mix of single-family homes, townhouses, and apartments available for purchase. The availability of FHA Down Payment Assistance Home Loans in Davis has contributed to a healthy real estate market, with a range of options for buyers at different price points. The median home price in Davis is competitive, offering affordable housing options for potential buyers. Some of the main attractions in Davis include the beautiful UC Davis Arboretum, which offers miles of scenic walking and biking trails. The city also boasts a vibrant downtown area with numerous shops, restaurants, and cultural events. With its proximity to Sacramento and the Bay Area, Davis provides residents with easy access to a variety of entertainment and recreational opportunities.
Benefits of FHA Down Payment Assistance Home Loan in Davis
