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 Lancaster, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lancaster, CA provides a financial boost to eligible homebuyers in Lancaster, 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 Lancaster, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lancaster, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lancaster, 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 Lancaster, 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 Lancaster, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lancaster, 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 Lancaster, 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 Lancaster, 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 Lancaster, California is that it offers a lower down payment requirement compared to conventional loans. This makes homeownership more accessible to individuals and families with limited savings. Additionally, FHA loans typically have more flexible credit score requirements, allowing individuals with less-than-perfect credit histories to qualify for financing. This can be particularly beneficial for first-time homebuyers or those who have faced financial challenges in the past. Moreover, FHA loans offer competitive interest rates, helping borrowers save money over the life of the loan. The loan also allows for the inclusion of closing costs and other fees in the mortgage, reducing the immediate financial burden on the buyer. Demographics of Lancaster, California Lancaster, California has a diverse population with a mix of age groups and ethnicities. The median age is around 32 years old, and the city is home to a growing number of young families and professionals. Housing Market in Lancaster, California The housing market in Lancaster, California is thriving, with a range of housing options available to buyers. The median home price is affordable compared to neighboring areas, making it an attractive location for first-time homebuyers and those looking to invest in real estate. Main Attractions in Lancaster, California Lancaster, California boasts a variety of attractions, including the Antelope Valley California Poppy Reserve, the Lancaster Performing Arts Center, and the Aerospace Walk of Honor. The city also has a vibrant culinary scene and is known for its local farmers' markets and community events.
Benefits of FHA Down Payment Assistance Home Loan in Lancaster, California
