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 Downey, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Downey, CA provides a financial boost to eligible homebuyers in Downey, 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 Downey, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Downey, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Downey, 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 Downey, 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 Downey, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Downey, 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 Downey, 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 Downey, 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 Down Payment: The FHA loan program allows eligible homebuyers to purchase a property with a lower down payment requirement, making homeownership more accessible. 2. Flexible Credit Requirements: FHA loans are known for being more lenient when it comes to credit scores, making it easier for individuals with less-than-perfect credit to qualify for a loan. 3. Assistance Programs: Downey, California offers various down payment assistance programs that can be combined with FHA loans, providing additional financial support to help buyers secure their dream home. Demographics Downey, California is a diverse city with a population that includes a mix of cultures and backgrounds. The city has a strong sense of community and offers residents a range of amenities, including parks, schools, and shopping centers. Housing Market The housing market in Downey, California is competitive, with a mix of single-family homes, townhouses, and apartments available for sale. The median home price in Downey is steadily increasing, making it a desirable location for both buyers and sellers. Main Attractions Some of the main attractions in Downey include the Columbia Memorial Space Center, Stonewood Center mall, and Wilderness Park. The city also boasts a variety of dining options, entertainment venues, and recreational facilities for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Downey, California
