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 Lompoc, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lompoc, CA provides a financial boost to eligible homebuyers in Lompoc, 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 Lompoc, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lompoc, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lompoc, 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 Lompoc, 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 Lompoc, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lompoc, 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 Lompoc, 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 Lompoc, 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 in Lompoc, California offer several benefits to prospective homebuyers. These loans require lower down payments, making homeownership more accessible. They also have competitive interest rates, making it easier for individuals to qualify for loans. Additionally, FHA loans offer lenient credit requirements, helping those with less-than-perfect credit scores to become homeowners. Lompoc, California has a diverse demographic profile with a mix of different ethnicities. The city has a growing population, including a significant number of young families and professionals. The area is known for its strong sense of community and friendly residents, making it an ideal place to settle down. The housing market in Lompoc, California is stable and offers a variety of housing options to suit different needs and budgets. Home prices in Lompoc are more affordable compared to neighboring cities, making it an attractive option for first-time homebuyers. The market is also experiencing steady growth, making it a sound investment for those looking to build equity. Some main attractions in Lompoc, California include the La Purisima Mission State Historic Park, a well-preserved mission showcasing California's history. The city is also home to numerous vineyards and wineries, offering wine enthusiasts the chance to sample local wines. Additionally, Lompoc boasts beautiful beaches, perfect for outdoor activities and relaxation.
Benefits of FHA Down Payment Assistance Home Loan in Lompoc, California
