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 Ferndale, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Ferndale, CA provides a financial boost to eligible homebuyers in Ferndale, 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 Ferndale, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Ferndale, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Ferndale, 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 Ferndale, 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 Ferndale, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Ferndale, 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 Ferndale, 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 Ferndale, 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 an opportunity for first-time homebuyers in Ferndale, California, to achieve their dream of homeownership with a lower upfront cost. These loans offer competitive interest rates and require a lower down payment, making it easier for individuals and families to buy a home. Demographics: Ferndale, California, is a charming small town with a population of around 1,300 residents. The community is known for its historic Victorian architecture, friendly locals, and strong sense of community. The town has a mix of families, retirees, and young professionals, creating a diverse and welcoming environment. Housing Market: The housing market in Ferndale offers a range of options, from historic Victorian homes to modern residences. With the help of FHA Down Payment Assistance Home Loans, potential buyers can find affordable housing options that suit their needs. The market is stable, with steady appreciation rates, making it a good investment for homebuyers. Main Attractions: Ferndale is known for its picturesque Main Street lined with colorful storefronts, art galleries, and charming cafes. The town hosts various events throughout the year, including the Ferndale Concours on Main classic car show and the Ferndale Repertory Theatre productions, providing entertainment for residents and visitors alike.
Benefits of FHA Down Payment Assistance Home Loan in Ferndale, California
