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 Loma Mar, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Loma Mar, CA provides a financial boost to eligible homebuyers in Loma Mar, 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 Loma Mar, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Loma Mar, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Loma Mar, 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 Loma Mar, 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 Loma Mar, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Loma Mar, 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 Loma Mar, 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 Loma Mar, 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 of FHA Down Payment Assistance Home Loan: The FHA loan program in Loma Mar, California offers low down payment options, making home ownership more accessible. Borrowers with lower credit scores may still qualify, and there are flexible income requirements, making it an attractive option for first-time home buyers. Demographics: Loma Mar, California, is a small, rural community with a diverse population. The area is known for its natural beauty and close-knit community feel. The population consists of a mix of families, young professionals, and retirees seeking a peaceful lifestyle. Housing Market: The housing market in Loma Mar is relatively stable, with a range of housing options available from cozy cottages to larger family homes. The FHA down payment assistance program can help make these homes more affordable for potential buyers, stimulating the local real estate market. Main Attractions: Loma Mar is surrounded by stunning natural attractions, including hiking trails, beaches, and parks. Residents can also enjoy local restaurants, cafes, and shops, as well as community events that bring people together.
FHA Down Payment Assistance Home Loan in Loma Mar, California
