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 Garden Grove, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Garden Grove, CA provides a financial boost to eligible homebuyers in Garden 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 Garden Grove, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Garden Grove, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Garden 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 Garden 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 Garden Grove, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Garden 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 Garden 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 Garden 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.
Benefits: The FHA Down Payment Assistance Home Loan program in Garden Grove, California, offers various benefits to potential homebuyers, including low down payment requirements, competitive interest rates, and lenient credit score criteria. This assists individuals with limited savings or moderate income to achieve homeownership. Additionally, the program allows for higher debt-to-income ratios, making it easier for individuals to qualify for loans. FHA loans also provide opportunities for homebuyers to finance both the purchase price and renovation costs through a single mortgage, opening the door to fixer-upper properties. Moreover, FHA loans come with built-in mortgage insurance, protecting lenders from losses if borrowers default. This feature enables borrowers with less-than-perfect credit to secure financing with more favorable terms. Demographics: Garden Grove, California, is a vibrant city with a diverse population. According to recent data, the city's population consists of various ethnicities, including Asian, Hispanic, and Caucasian residents. The median household income is approximately $65,000. Housing Market: The housing market in Garden Grove offers a mix of single-family homes, townhouses, and apartments. The median home value in the city is around $650,000, with prices steadily appreciating in recent years. The market caters to first-time homebuyers, families, and individuals looking to invest in rental properties. Main Attractions: Garden Grove boasts numerous attractions, including the historic Main Street, which features a variety of shops and restaurants. The city is also home to the Crystal Cathedral, now known as Christ Cathedral, a renowned architectural landmark. Additionally, residents and visitors can enjoy outdoor recreational activities at the Garden Grove Park and Twin Lakes State Beach.
FHA Down Payment Assistance Home Loan in Garden Grove, California
