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 Lake Elsinore, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lake Elsinore, CA provides a financial boost to eligible homebuyers in Lake Elsinore, 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 Lake Elsinore, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lake Elsinore, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lake Elsinore, 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 Lake Elsinore, 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 Lake Elsinore, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lake Elsinore, 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 Lake Elsinore, 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 Lake Elsinore, 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.
Benefits: The FHA Down Payment Assistance Home Loan in Lake Elsinore, California, offers low down payment options, making homeownership more attainable. Borrowers with less-than-perfect credit can qualify, and interest rates are typically competitive. Demographics: Lake Elsinore has a diverse population with a mix of families, young professionals, and retirees. The city's population is growing, and there is a strong sense of community. Housing Market: The housing market in Lake Elsinore is competitive but offers affordable options compared to neighboring areas. The city has a mix of single-family homes and condominiums, with a range of prices to suit different budgets. Main Attractions: Lake Elsinore is known for its stunning natural beauty, including the lake itself, which offers recreational activities like boating and fishing. The city also has a vibrant historic downtown area with shops, restaurants, and cultural events.
Benefits of FHA Down Payment Assistance Home Loan in Lake Elsinore, California
