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 Long Beach, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Long Beach, CA provides a financial boost to eligible homebuyers in Long Beach, 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 Long Beach, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Long Beach, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Long Beach, 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 Long Beach, 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 Long Beach, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Long Beach, 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 Long Beach, 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 Long Beach, 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 Long Beach, California, is that it allows potential homebuyers to secure a property with a lower down payment requirement compared to conventional loans. This can make homeownership more accessible to individuals and families who may not have significant savings for a down payment. Moreover, FHA loans often have more flexible credit score requirements, making them an attractive option for first-time homebuyers or those with less-than-perfect credit history. Additionally, FHA loans typically offer competitive interest rates, providing borrowers with long-term savings on their mortgage payments. Long Beach, California, boasts a diverse population with a rich cultural heritage. The city is known for its beautiful beaches, vibrant arts scene, and delicious dining options. With its close proximity to Los Angeles, residents of Long Beach can enjoy a variety of entertainment and recreational activities. In terms of the housing market, Long Beach has seen steady growth in property values in recent years. The city offers a range of housing options, from historic homes to modern condos, catering to different preferences and budgets. With the help of FHA Down Payment Assistance programs, potential buyers can take advantage of the city's real estate opportunities.
Benefits of FHA Down Payment Assistance Home Loan in Long Beach, California
