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 Los Angeles, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Los Angeles, CA provides a financial boost to eligible homebuyers in Los Angeles, 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 Los Angeles, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Los Angeles, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Los Angeles, 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 Los Angeles, 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 Los Angeles, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Los Angeles, 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 Los Angeles, 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 Los Angeles, 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 primary benefits of an FHA Down Payment Assistance Home Loan in Los Angeles, California, is the lower down payment requirement, making homeownership more accessible for first-time buyers. These loans also offer competitive interest rates, helping buyers save money over time. Additionally, FHA loans allow for higher debt-to-income ratios, accommodating buyers with varying financial situations. They also come with lenient credit score requirements, providing opportunities for individuals with less than perfect credit to purchase a home. Moreover, FHA loans often include options for rehabilitation financing, allowing buyers to finance renovations and upgrades into their mortgage, further enhancing the value of their investment.
Benefits of FHA Down Payment Assistance Home Loan
