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 Folsom, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Folsom, CA provides a financial boost to eligible homebuyers in Folsom, 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 Folsom, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Folsom, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Folsom, 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 Folsom, 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 Folsom, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Folsom, 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 Folsom, 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 Folsom, 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 Folsom, California offers numerous benefits to potential homebuyers. One of the key advantages is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This makes homeownership more accessible, especially for first-time buyers or those with limited savings. Additionally, FHA loans often have lower credit score requirements, allowing more individuals to qualify for a home loan. Demographics in Folsom, California, exhibit a diverse and growing community. The city has a population of approximately 80,000 residents with a median household income above the national average. Folsom is recognized for its excellent schools, making it an appealing location for families. The city also boasts a mix of young professionals and retirees, contributing to its vibrant and inclusive atmosphere. The housing market in Folsom, California, is robust and competitive. With a strong demand for housing, property values have steadily increased over the years. Despite the competitive market, FHA Down Payment Assistance Home Loans provide buyers with a competitive edge by offering flexible financing options and attractive interest rates. This makes purchasing a home in Folsom a viable and rewarding investment. Folsom, California, offers a variety of attractions and amenities for residents and visitors alike. The city is renowned for its historic district, which features charming shops, restaurants, and cultural events. Outdoor enthusiasts can enjoy the nearby Folsom Lake for water activities, while nature lovers can explore the picturesque hiking trails in the surrounding area. With its vibrant community and abundance of recreational opportunities, Folsom is an ideal place to call home.
Benefits of FHA Down Payment Assistance Home Loan in Folsom, California
