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 Marina, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Marina, CA provides a financial boost to eligible homebuyers in Marina, 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 Marina, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Marina, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Marina, 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 Marina, 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 Marina, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Marina, 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 Marina, 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 Marina, 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 offer many benefits to prospective homebuyers in Marina, California. One of the main advantages is the lower down payment requirement, typically as low as 3.5% of the purchase price. This makes homeownership more accessible to individuals who may not have substantial savings for a large down payment. Additionally, FHA loans often have more lenient credit score requirements compared to traditional mortgages, making it easier for individuals with less-than-perfect credit to qualify for a home loan. The loan also allows for the inclusion of closing costs and other fees into the mortgage amount, reducing the immediate out-of-pocket expenses for buyers. In terms of demographics, Marina, California, is a diverse community with a population that includes a mix of families, young professionals, and retirees. The city has a vibrant cultural scene and offers a range of amenities for residents, including parks, shopping centers, and restaurants. The housing market in Marina is competitive yet diverse, with a mix of single-family homes, townhouses, and condominiums available for purchase. The median home price in Marina is reflective of the broader Monterey County area, with a steady market that has seen moderate growth in recent years. Main attractions in Marina include the Marina State Beach, perfect for outdoor activities and enjoying the scenic coastline. The city is also home to the Marina Dunes Preserve, a popular spot for hiking and bird watching. For shopping and dining, the Dunes Shopping Center offers a variety of options for residents and visitors.
Benefits of FHA Down Payment Assistance Home Loan in Marina, California
