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 Harbor City, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Harbor City, CA provides a financial boost to eligible homebuyers in Harbor City, 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 Harbor City, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Harbor City, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Harbor City, 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 Harbor City, 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 Harbor City, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Harbor City, 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 Harbor City, 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 Harbor City, 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 numerous benefits for homebuyers in Harbor City, California. One of the primary advantages is the lower down payment requirement, which can be as low as 3.5% of the purchase price, making homeownership more accessible to a wider range of individuals. Additionally, these loans often have lower credit score requirements compared to traditional mortgages, giving individuals with less-than-perfect credit histories the opportunity to qualify for a loan and buy a home. Furthermore, FHA loans offer competitive interest rates and flexible qualification criteria, making them a popular choice among first-time homebuyers and those looking to refinance their current mortgages. Demographics Harbor City, California, is a diverse community with a mix of residents from various cultural backgrounds. The median age in Harbor City is around 38 years, and the majority of residents are homeowners. Housing Market The housing market in Harbor City is dynamic, with a mix of single-family homes, apartments, and townhouses. The median home value in the area is around $600,000, and the market has been experiencing steady growth in recent years. Main Attractions Harbor City is located near popular attractions such as the South Coast Botanic Garden, which features stunning botanical displays, and the Harbor City Recreation Center, offering various recreational activities for residents.
Benefits of FHA Down Payment Assistance Home Loans in Harbor City, California
