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 Huntington Park, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Huntington Park, CA provides a financial boost to eligible homebuyers in Huntington Park, 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 Huntington Park, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Huntington Park, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Huntington Park, 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 Huntington Park, 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 Huntington Park, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Huntington Park, 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 Huntington Park, 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 Huntington Park, 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 Huntington Park, California offers numerous benefits to homebuyers. It allows for a lower down payment, making homeownership more accessible to individuals who may not have substantial savings for a traditional down payment. Furthermore, FHA loans typically have lower credit score requirements compared to conventional loans, enabling buyers with less-than-perfect credit to qualify for a home loan. The FHA also provides competitive interest rates, helping to make monthly mortgage payments more affordable for buyers. Additionally, FHA loans offer the option of financing closing costs, reducing the upfront expenses associated with purchasing a home. This can be particularly advantageous for first-time homebuyers or those with limited funds for out-of-pocket expenses. Demographics Huntington Park, California, is a vibrant city with a diverse population. The city is known for its rich cultural heritage, with a mix of residents from various ethnic backgrounds. This cultural diversity is reflected in the city's neighborhoods, dining scene, and community events. Housing Market The housing market in Huntington Park is competitive, with a range of housing options available to potential buyers. The city offers a mix of single-family homes, townhouses, and apartments, providing choices for individuals and families at different stages of life. Main Attractions Huntington Park boasts several attractions for residents and visitors alike. From parks and recreational facilities to shopping centers and local eateries, there is no shortage of activities to enjoy in the city. The city's proximity to Los Angeles also provides easy access to a wide range of entertainment and cultural opportunities.
Benefits of FHA Down Payment Assistance Home Loan
