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 Segundo, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in El Segundo, CA provides a financial boost to eligible homebuyers in El Segundo, 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 Segundo, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in El Segundo, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in El Segundo, 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 Segundo, 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 Segundo, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in El Segundo, 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 Segundo, 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 Segundo, 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 Segundo, California offers numerous benefits such as lower down payment requirements, lower closing costs, and easier qualification criteria compared to conventional loans. This makes homeownership more accessible to a wider range of individuals. Demographics in El Segundo, California, show a population that is diverse, with a mix of families, young professionals, and retirees. The city has a thriving community with top-rated schools, parks, and recreational facilities, making it an attractive place to live for people of all ages. The housing market in El Segundo is competitive yet offers a range of options from single-family homes to condos. With the assistance of FHA loans, first-time buyers can enter the market more easily. The value of properties in El Segundo has been steadily increasing, making it a sound investment. Some main attractions in El Segundo include its beautiful beaches, proximity to Los Angeles International Airport, and a vibrant downtown area with shops and restaurants. Residents can enjoy the coastal climate and access to various cultural and recreational activities.
Benefits of FHA Down Payment Assistance Home Loan
