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 Indio, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Indio, CA provides a financial boost to eligible homebuyers in Indio, 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 Indio, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Indio, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Indio, 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 Indio, 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 Indio, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Indio, 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 Indio, 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 Indio, 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 the FHA Down Payment Assistance Home Loan in Indio, California is that it allows prospective home buyers to purchase a property with a lower down payment requirement compared to conventional loans. This can make homeownership more accessible to individuals who may not have significant savings for a large down payment. Additionally, FHA loans often have more lenient credit score requirements, making it easier for individuals with less-than-perfect credit to qualify for a loan. This can be particularly beneficial for first-time home buyers or those who have experienced financial challenges in the past. Furthermore, FHA loans typically offer competitive interest rates, helping borrowers save money over the life of the loan. The program also provides options for refinancing, streamlining the process for borrowers who may want to take advantage of lower interest rates in the future.
Benefits of FHA Down Payment Assistance Home Loan in Indio, California
