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 Madera, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Madera, CA provides a financial boost to eligible homebuyers in Madera, 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 Madera, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Madera, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Madera, 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 Madera, 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 Madera, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Madera, 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 Madera, 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 Madera, 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 Loan in Madera, California offers various benefits such as lower down payment requirements, competitive interest rates, and easier qualification criteria for homebuyers. Madera, California is known for its diverse population with a mix of different ethnicities, including Hispanic, White, and Asian residents, creating a unique cultural blend in the city. The housing market in Madera, California is thriving with a range of affordable housing options available for first-time buyers as well as luxury properties for those seeking upscale living. Some main attractions in Madera, California include the Madera Wine Trail where visitors can explore various wineries, the Madera Speedway for racing enthusiasts, and the Madera County Historical Society for a glimpse into the city's past.
Benefits of FHA Down Payment Assistance Home Loan in Madera, California
