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 Portal, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in El Portal, CA provides a financial boost to eligible homebuyers in El Portal, 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 Portal, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in El Portal, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in El Portal, 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 Portal, 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 Portal, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in El Portal, 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 Portal, 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 Portal, 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 offer several benefits for potential homebuyers in El Portal, California. These loans require a lower down payment, making homeownership more accessible to individuals with limited savings. Additionally, FHA loans typically have lower credit score requirements compared to conventional loans, allowing more people to qualify for financing. Demographically, El Portal, California, is a diverse community with a mix of residents from different backgrounds. The town has a population of approximately X people, with a median household income of $X. The area is known for its scenic beauty and proximity to outdoor recreational activities, making it an attractive place to live for nature enthusiasts. In terms of the housing market, El Portal offers a range of housing options, including single-family homes, condos, and apartments. The market has seen steady growth in recent years, with property values appreciating consistently. With the help of FHA down payment assistance programs, first-time homebuyers can enter the market more easily and take advantage of the potential for long-term appreciation. Main attractions in El Portal include the nearby Yosemite National Park, which attracts millions of visitors annually with its stunning landscapes and outdoor activities. The town also boasts charming local shops, restaurants, and cultural events, creating a vibrant community for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in El Portal, California
