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 Encino, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Encino, CA provides a financial boost to eligible homebuyers in Encino, 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 Encino, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Encino, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Encino, 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 Encino, 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 Encino, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Encino, 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 Encino, 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 Encino, 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 Encino, California offers low down payment options, making home ownership more accessible to a wider range of individuals and families. This can help first-time homebuyers secure a home without needing a large sum of money upfront. Demographics in Encino, California show a diverse population with a mix of families, young professionals, and retirees. The area is known for its excellent school districts, making it attractive to families looking to settle down in a safe and welcoming community. The housing market in Encino, California is stable and offers a variety of housing options, from single-family homes to apartments and condos. With the assistance of FHA loans, prospective buyers can find affordable housing options that suit their needs and budget. Encino, California boasts several main attractions, including the beautiful Lake Balboa Park, where residents can enjoy picnics, bike rides, and paddle boating. The area also offers a variety of shopping and dining options, making it a vibrant and lively neighborhood to call home.
Benefits of FHA Down Payment Assistance Home Loan in Encino, California
