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 Grand Terrace, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Grand Terrace, CA provides a financial boost to eligible homebuyers in Grand Terrace, 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 Grand Terrace, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Grand Terrace, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Grand Terrace, 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 Grand Terrace, 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 Grand Terrace, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Grand Terrace, 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 Grand Terrace, 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 Grand Terrace, 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.
The benefits of a FHA down payment assistance home loan in Grand Terrace, California: With an FHA loan, homebuyers can often secure a mortgage with a lower down payment, making homeownership more accessible. Additionally, FHA loans offer competitive interest rates and flexible qualification requirements, making them a popular choice for first-time buyers. Demographics: Grand Terrace, a small town in Southern California, has a diverse population with a mix of families, young professionals, and retirees. The community prides itself on its friendly atmosphere and strong sense of local pride. Housing Market: The housing market in Grand Terrace, California, offers a mix of single-family homes, townhouses, and apartments. The median home value is competitive, making it an attractive option for buyers looking for affordability in the Southern California region. Main Attractions: Grand Terrace is known for its beautiful parks, including the scenic Blue Mountain Trail for outdoor enthusiasts. The town also boasts a variety of dining options, shopping centers, and cultural attractions for residents and visitors to enjoy.
FHA Down Payment Assistance Home Loan in Grand Terrace, California
