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 El Monte, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in El Monte, CA provides a financial boost to eligible homebuyers in El Monte, 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 El Monte, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in El Monte, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in El Monte, 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 El Monte, 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 El Monte, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in El Monte, 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 El Monte, 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 El Monte, 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 Loan in El Monte, California provides numerous benefits to potential homebuyers. This program offers lower down payment requirements, making homeownership more accessible to individuals who may not have substantial savings. Additionally, FHA loans often have lower interest rates, reducing overall borrowing costs for buyers. Demographically, El Monte, California, is a diverse city with a significant Hispanic population. The city's residents enjoy a mix of urban and suburban lifestyles, creating a vibrant and dynamic community. With strong ties to the Latino culture, El Monte offers a variety of cultural events and festivals that celebrate its rich heritage. In terms of the housing market, El Monte presents a range of opportunities for buyers. The city features a mix of single-family homes, townhouses, and condos, catering to different preferences and budgets. The real estate market in El Monte is relatively stable, with steady appreciation rates and a good selection of properties for buyers to choose from. El Monte boasts several main attractions that make it a desirable place to live. From the scenic Whittier Narrows Recreation Area to the historic El Monte Historical Museum, residents have access to various recreational and cultural amenities. The city's proximity to Los Angeles also means easy access to world-class dining, entertainment, and shopping options.
FHA Down Payment Assistance Home Loan in El Monte, California
