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 Lakehead, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lakehead, CA provides a financial boost to eligible homebuyers in Lakehead, 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 Lakehead, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lakehead, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lakehead, 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 Lakehead, 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 Lakehead, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lakehead, 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 Lakehead, 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 Lakehead, 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 Lakehead, California is the lower down payment requirement, making homeownership more accessible to a wider range of individuals. This can be particularly advantageous for first-time homebuyers or those with limited savings. Another advantage is the competitive interest rates offered by FHA loans, which can result in lower monthly payments for borrowers. Additionally, FHA loans are often more forgiving of lower credit scores compared to conventional loans, providing an opportunity for individuals with less than perfect credit to qualify for a loan. Furthermore, FHA loans also allow for higher debt-to-income ratios, making it easier for borrowers to qualify based on their income levels. This can be beneficial for those with moderate incomes looking to purchase a home in Lakehead, California. Demographics Lakehead, California is a small community located in Shasta County with a population of approximately X,XXX residents. The area is known for its scenic beauty, outdoor recreation opportunities, and a close-knit community feel. Housing Market The housing market in Lakehead, California offers a diverse range of housing options, from quaint cabins to waterfront properties. The median home price in Lakehead is around $XXX,XXX, making it an affordable option for homebuyers. With the availability of FHA Down Payment Assistance Home Loans, more individuals can fulfill their dream of homeownership in this picturesque location. Main Attractions Some of the main attractions in Lakehead include the stunning Shasta Lake, popular for boating and fishing activities, as well as proximity to the Shasta-Trinity National Forest, offering hiking and camping opportunities. The area also boasts a vibrant arts and culture scene and a variety of local shops and restaurants for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Lakehead, California
