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 Escondido, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Escondido, CA provides a financial boost to eligible homebuyers in Escondido, 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 Escondido, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Escondido, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Escondido, 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 Escondido, 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 Escondido, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Escondido, 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 Escondido, 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 Escondido, 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.
The FHA Down Payment Assistance Home Loan in Escondido, California offers numerous benefits to prospective homebuyers. These include lower down payment requirements, easier credit qualifying, and competitive interest rates. This makes homeownership more accessible to individuals who may not have substantial savings or perfect credit scores. Escondido, California, boasts a diverse population with a mix of young families, professionals, and retirees. The city's demographics show a strong sense of community and pride among residents. With a range of housing options, Escondido provides something for everyone, from cozy suburban homes to modern downtown apartments. The housing market in Escondido is dynamic and offers opportunities for both buyers and sellers. With relatively affordable home prices compared to neighboring areas, Escondido presents an attractive option for those looking to invest in real estate. The market is stable, with steady growth in property values over time. Some of the main attractions in Escondido include the scenic Safari Park, the vibrant Downtown district with its shops and restaurants, and the historic California Center for the Arts. Residents can also enjoy easy access to nearby beaches, wineries, and hiking trails, making Escondido an ideal place to live for those seeking a balanced lifestyle.
Benefits of FHA Down Payment Assistance Home Loan in Escondido, California
