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 Magalia, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Magalia, CA provides a financial boost to eligible homebuyers in Magalia, 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 Magalia, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Magalia, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Magalia, 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 Magalia, 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 Magalia, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Magalia, 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 Magalia, 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 Magalia, 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 in Magalia, California offer access to homeownership for individuals who may not qualify for traditional mortgages. With lower down payment requirements and competitive interest rates, these loans make owning a home more achievable. Magalia, California, is a diverse community with a population that includes a mix of families, retirees, and young professionals. The area offers a range of housing options, from single-family homes to apartments, catering to various needs and lifestyles. The housing market in Magalia is dynamic, with a mix of newly constructed properties and established homes. The median home price is competitive, making it an attractive option for first-time buyers and investors alike. With the assistance of FHA loans, more buyers can enter the market and contribute to its growth. Main attractions in Magalia include the serene Magalia Reservoir, perfect for outdoor activities like fishing and hiking. The town also boasts proximity to the stunning Lassen Volcanic National Park, offering residents and visitors access to breathtaking natural landscapes and recreational opportunities.
Benefits of FHA Down Payment Assistance Home Loans in Magalia, California
