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 Gilroy, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Gilroy, CA provides a financial boost to eligible homebuyers in Gilroy, 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 Gilroy, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Gilroy, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Gilroy, 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 Gilroy, 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 Gilroy, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Gilroy, 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 Gilroy, 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 Gilroy, 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 excellent opportunity for first-time homebuyers in Gilroy, California. These loans require a lower down payment, making homeownership more accessible. Additionally, FHA loans have competitive interest rates and less stringent credit requirements, making them ideal for individuals with limited credit history or lower credit scores. Demographically, Gilroy, known as the "Garlic Capital of the World," has a diverse population with a mix of ethnicities. The city offers a blend of suburban and rural living, attracting families, professionals, and retirees. With its proximity to Silicon Valley, Gilroy has seen a rise in younger residents looking for more affordable housing options. The housing market in Gilroy is dynamic, with a mix of single-family homes, townhouses, and condominiums. The market has been experiencing steady growth, making it a profitable investment for buyers. With the assistance of FHA loans, more individuals can access the housing market and take advantage of the increasing property values in the area. Main attractions in Gilroy include the annual Gilroy Garlic Festival, which draws visitors from across the country. The city is also home to beautiful parks, wineries, and outdoor recreational activities, making it an ideal location for those seeking a vibrant community with access to nature and entertainment.
The Benefits of FHA Down Payment Assistance Home Loan in Gilroy, California
