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 Madison, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Madison, CA provides a financial boost to eligible homebuyers in Madison, 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 Madison, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Madison, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Madison, 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 Madison, 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 Madison, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Madison, 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 Madison, 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 Madison, 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.
Benefits of FHA Down Payment Assistance Home Loan: 1. Lower Down Payment Requirements: FHA loans typically require a lower down payment compared to conventional loans, making homeownership more accessible. 2. Flexible Credit Score Requirements: FHA loans are more lenient when it comes to credit scores, allowing individuals with lower credit scores to qualify for a loan. 3. Assistance Programs: FHA loans offer various down payment assistance programs to help buyers with limited funds to purchase a home. Demographics: Madison, California, is a diverse community with a mix of young professionals, families, and retirees. The population is known for its cultural richness and inclusivity. Housing Market: The housing market in Madison, California, is competitive yet offers a range of options from single-family homes to apartments. The market is steadily growing, making it a great time to invest in property. Main Attractions: Madison boasts a variety of attractions, from scenic parks and recreational facilities to vibrant shopping and dining areas. Residents can enjoy a high quality of life with access to amenities that cater to all ages.
FHA Down Payment Assistance Home Loan in Madison, California
