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 Hermosa Beach, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Hermosa Beach, CA provides a financial boost to eligible homebuyers in Hermosa Beach, 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 Hermosa Beach, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Hermosa Beach, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Hermosa Beach, 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 Hermosa Beach, 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 Hermosa Beach, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Hermosa Beach, 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 Hermosa Beach, 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 Hermosa Beach, 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.
One of the key benefits of an FHA Down Payment Assistance Home Loan in Hermosa Beach, California, is that it allows for a lower down payment, typically around 3.5% of the home's purchase price. This can make homeownership more accessible to a wider range of buyers, including first-time homebuyers and those with lower income levels. Additionally, FHA loans often have more flexible credit requirements compared to conventional loans, making it easier for borrowers with less-than-perfect credit to qualify. This can be particularly helpful for individuals who may have had credit challenges in the past but are now on a more stable financial path. Another advantage of FHA loans is that they offer competitive interest rates, helping to keep overall borrowing costs lower over the life of the loan. This can result in significant savings for homeowners over time, making FHA loans an attractive option for many buyers in Hermosa Beach and beyond.
Benefits of FHA Down Payment Assistance Home Loan in Hermosa Beach, CA
