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 Mammoth Lakes, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Mammoth Lakes, CA provides a financial boost to eligible homebuyers in Mammoth Lakes, 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 Mammoth Lakes, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Mammoth Lakes, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Mammoth Lakes, 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 Mammoth Lakes, 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 Mammoth Lakes, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Mammoth Lakes, 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 Mammoth Lakes, 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 Mammoth Lakes, 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.
An FHA down payment assistance home loan in Mammoth Lakes, California, offers a great option for first-time homebuyers by providing lower down payment requirements compared to conventional loans. This can make homeownership more accessible for individuals and families looking to settle in this picturesque location. Mammoth Lakes, California, is a vibrant community with a diverse demographic profile. The area attracts outdoor enthusiasts, young professionals, families, and retirees alike, creating a unique and welcoming neighborhood full of locally-owned businesses, restaurants, and recreational activities. The housing market in Mammoth Lakes is dynamic, with a range of options from cozy cabins to luxurious mountain retreats. With the FHA down payment assistance program, potential buyers can enjoy competitive interest rates and favorable terms, making it easier to secure a home in this competitive market. Main Attractions: 1. Mammoth Mountain: A popular destination for skiing and snowboarding enthusiasts. 2. Devils Postpile National Monument: A unique geological formation and hiking destination. 3. Inyo National Forest: An outdoor paradise for camping, fishing, and exploring the natural beauty of the Sierra Nevada.
Benefits of FHA Down Payment Assistance Home Loan
