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 Goleta, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Goleta, CA provides a financial boost to eligible homebuyers in Goleta, 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 Goleta, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Goleta, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Goleta, 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 Goleta, 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 Goleta, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Goleta, 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 Goleta, 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 Goleta, 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.
An FHA Down Payment Assistance Home Loan in Goleta, California offers numerous benefits to prospective homebuyers. The program allows for a lower down payment, often as low as 3.5%, making homeownership more accessible to a wider range of individuals and families. Additionally, FHA loans have competitive interest rates, making them an attractive option for those seeking to purchase a home in Goleta. The program also provides flexibility in terms of credit scores, accommodating individuals with less-than-perfect credit histories. Furthermore, FHA loans in Goleta come with the possibility of receiving down payment assistance, further easing the financial burden of purchasing a home. This assistance can take the form of grants or low-interest loans, helping buyers cover upfront costs. Demographics Goleta, California, is a diverse community with a population that includes a mix of young professionals, families, and retirees. The city has a strong sense of community and offers a range of amenities, including parks, schools, and shopping centers. Housing Market The housing market in Goleta is competitive, with a mix of single-family homes, townhouses, and apartments available for purchase. The median home price in the city is on the higher side, reflecting the area's desirability and amenities. Main Attractions Some of the main attractions in Goleta include the beautiful coastline, hiking trails in the nearby mountains, and the vibrant local dining scene. The city also hosts various community events and festivals throughout the year, making it a lively and engaging place to live.
Benefits of FHA Down Payment Assistance Home Loan in Goleta, California
