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 Durham, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Durham, CA provides a financial boost to eligible homebuyers in Durham, 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 Durham, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Durham, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Durham, 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 Durham, 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 Durham, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Durham, 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 Durham, 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 Durham, 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 provide an opportunity for first-time homebuyers in Durham, California, to overcome the barrier of a high down payment. Through this program, individuals can secure a mortgage with a lower down payment requirement, making homeownership more accessible and achievable. These loans also come with competitive interest rates and flexible qualification criteria, allowing individuals with varying financial backgrounds to qualify for a home loan. Additionally, FHA loans often have lower closing costs, further reducing the upfront expenses associated with buying a home in Durham. Furthermore, by availing of an FHA Down Payment Assistance Home Loan, borrowers may benefit from government-backed protection, providing a sense of security and reducing the risk for lenders. This can translate into more favorable loan terms and increased approval rates for applicants in Durham, California.
Benefits of FHA Down Payment Assistance Home Loan in Durham, California
