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 Malibu, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Malibu, CA provides a financial boost to eligible homebuyers in Malibu, 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 Malibu, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Malibu, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Malibu, 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 Malibu, 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 Malibu, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Malibu, 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 Malibu, 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 Malibu, 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: The FHA loan program offers flexibility with lower credit score requirements, lower down payments, and competitive interest rates, making homeownership more accessible to a wider range of individuals. With the assistance provided, potential homeowners can overcome financial barriers and achieve their dream of owning a home in Malibu. Demographics: Malibu, California, is known for its affluent population, stunning coastal views, and celebrity residents. The median household income is well above the national average, attracting residents who seek a luxurious lifestyle by the beach. Housing Market: Malibu's housing market is characterized by high-end properties, including beachfront estates and luxury villas. The demand for homes in Malibu remains strong due to its desirable location and exclusive communities. Main Attractions: Aside from its beautiful beaches, Malibu offers attractions such as the renowned Getty Villa, Malibu Pier, and Malibu Wine Safari. Residents and visitors can enjoy outdoor activities, upscale dining, and cultural experiences in this picturesque coastal city.
FHA Down Payment Assistance Home Loan in Malibu, California
