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 Elk Grove, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Elk Grove, CA provides a financial boost to eligible homebuyers in Elk Grove, 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 Elk Grove, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Elk Grove, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Elk Grove, 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 Elk Grove, 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 Elk Grove, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Elk Grove, 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 Elk Grove, 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 Elk Grove, 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 eligible homebuyers in Elk Grove, California, with the opportunity to purchase a home with a lower down payment requirement, making homeownership more accessible. Demographics in Elk Grove show a diverse community with a population that includes families, young professionals, and retirees. The city boasts a strong sense of community with various cultural events and activities that cater to residents of all ages. The housing market in Elk Grove is thriving, offering a variety of housing options ranging from single-family homes to modern condos. The city's real estate market is known for its stability and growth potential, making it an attractive location for homebuyers seeking long-term investments. Main attractions in Elk Grove include the Elk Grove Regional Park, where residents can enjoy outdoor activities such as picnicking, hiking, and fishing. The Old Town Elk Grove is another popular spot with its historic charm, local shops, and dining options, attracting both residents and visitors alike.
Benefits of FHA Down Payment Assistance Home Loan in Elk Grove, California
