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 Hayward, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Hayward, CA provides a financial boost to eligible homebuyers in Hayward, 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 Hayward, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Hayward, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Hayward, 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 Hayward, 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 Hayward, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Hayward, 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 Hayward, 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 Hayward, 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 Loan in Hayward, California offers numerous benefits to potential home buyers. One of the primary advantages is the lower down payment requirement, making homeownership more accessible to individuals who may not have substantial savings for a traditional down payment. Additionally, these loans often come with competitive interest rates, which can result in significant savings over the life of the loan. FHA loans are also more lenient when it comes to credit score requirements, making them an attractive option for first-time home buyers or those with less-than-perfect credit. Demographically, Hayward, California, is a diverse city with a mix of cultures and backgrounds. The population consists of various ethnicities, making it a vibrant and inclusive community. The city also has a relatively young population, with many families and young professionals choosing to call Hayward home. In terms of the housing market, Hayward offers a range of options from single-family homes to townhouses and apartments. The market is competitive, with prices steadily increasing over the years. However, with the assistance of FHA loans, potential buyers can find affordable options and navigate the market more easily. Some main attractions in Hayward include the Hayward Japanese Gardens, the Garin Regional Park, and the Hayward Shoreline Interpretive Center. These attractions offer residents and visitors opportunities to enjoy nature, history, and recreational activities within the city.
Benefits of FHA Down Payment Assistance Home Loan in Hayward, California
