Unlock Your Homeownership Dreams with FHA Down Payment Assistance in Desert Hot Springs, CA

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 Desert Hot Springs, CA for FHA loans designed to help you achieve your dream of owning a home with ease.

What is Down Payment Assistance in Desert Hot Springs, CA?

Our Down Payment Assistance program in Desert Hot Springs, CA provides a financial boost to eligible homebuyers in Desert Hot Springs, 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.

Forgivable grant for FHA loans in Desert Hot Springs, CA

Key Features of Our FHA Down Payment Assistance in Desert Hot Springs, CA

1. Nearly Nationwide Availability

Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Desert Hot Springs, CA can benefit from our assistance.

2. Forgivable Grant

The grant can cover 2% or 3.5% of the purchase price of your home in Desert Hot Springs, CA. This grant is completely forgivable, easing your financial burden.

3. Combination with Seller Concessions

You can combine this grant with up to 6% seller concessions in Desert Hot Springs, CA, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.

4. No Resale Restrictions

Enjoy the freedom of homeownership in Desert Hot Springs, CA without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.

Eligibility Requirements

To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:

1

Minimum Credit Score

A FICO score of 580 qualifies you for Approve/Eligible status in Desert Hot Springs, CA, while a score of 620 is required for Refer/Eligible status.

2

First-Time Homebuyer

This program is primarily designed for first-time homebuyers in Desert Hot Springs, CA.

3

Community Involvement

If you’re still working, you must either be retired or actively volunteer in your community.

Why Choose Horizon Lending Services?

We are committed to guiding you through every step of the home-buying process in Desert Hot Springs, 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.

First-time homebuyer FHA assistance in Desert Hot Springs, CA
Start Your Journey Today

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 Desert Hot Springs, 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.

Get in Touch

Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.

Benefits of FHA Down Payment Assistance Home Loan in Desert Hot Springs, California

Benefits: The FHA Down Payment Assistance program offers lower down payment requirements, making homeownership more accessible. It also allows for lower credit scores compared to conventional loans, helping more people qualify for home loans.

Demographics: Desert Hot Springs has a diverse population with a mix of families, retirees, and young professionals. The city has experienced steady population growth in recent years, creating a vibrant community.

Housing Market: The housing market in Desert Hot Springs is competitive yet affordable, making it an attractive option for first-time homebuyers. With the FHA Down Payment Assistance program, more individuals and families can enter the market and secure their dream homes.

Main Attractions: Desert Hot Springs is known for its natural hot springs, which offer relaxation and therapeutic benefits. The city also boasts stunning mountain views, hiking trails, and is in close proximity to Joshua Tree National Park, making it a haven for outdoor enthusiasts.

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