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 Forest, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lake Forest, CA provides a financial boost to eligible homebuyers in Lake Forest, 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 Forest, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lake Forest, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lake Forest, 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 Forest, 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 Forest, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lake Forest, 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 Forest, 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 Forest, 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 loans offer several benefits for homebuyers in Lake Forest, California. One of the main advantages is the ability to qualify for a loan with a lower down payment requirement, making homeownership more accessible for a wider range of individuals and families. Additionally, FHA loans often have more flexible credit score requirements, which can be beneficial for first-time homebuyers or those with less-than-perfect credit histories. The interest rates on FHA loans are typically competitive, and borrowers may also be eligible for assistance with closing costs. Moreover, FHA loans provide a level of security for lenders, which can lead to more favorable loan terms for borrowers. This type of loan is backed by the Federal Housing Administration, reducing the risk for lenders and potentially resulting in lower interest rates and fees for borrowers.
The Benefits of FHA Down Payment Assistance Home Loan in Lake Forest, California
