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 Lotus, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Lotus, CA provides a financial boost to eligible homebuyers in Lotus, 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 Lotus, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Lotus, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Lotus, 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 Lotus, 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 Lotus, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Lotus, 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 Lotus, 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 Lotus, 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 offer numerous benefits for homebuyers in Lotus, California. These loans require a lower down payment, making home ownership more accessible to a wider range of individuals. Additionally, FHA loans often have lower credit score requirements, allowing buyers with less than perfect credit to qualify for a loan. Demographically, Lotus, California has a diverse population mix with a blend of different cultures and age groups. The town is located in El Dorado County and has a population that values community living and outdoor activities. The area is popular among families due to its safe neighborhoods and strong sense of community. The housing market in Lotus, California is competitive yet offers a variety of options for potential buyers. With the assistance of FHA loans, buyers can take advantage of the low down payment option to purchase their dream home in this picturesque town. The market offers a mix of historic homes, contemporary designs, and spacious properties perfect for families. Main attractions in Lotus, California include the beautiful American River, which provides opportunities for water activities such as kayaking and rafting. The town is also close to Marshall Gold Discovery State Historic Park, where visitors can learn about the California Gold Rush and explore the history of the region. Additionally, Lotus is known for its vineyards and wineries, offering a taste of local wines amidst stunning scenery.
Benefits of FHA Down Payment Assistance Home Loan in Lotus, California
