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 Menlo Park, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Menlo Park, CA provides a financial boost to eligible homebuyers in Menlo Park, 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 Menlo Park, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Menlo Park, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Menlo Park, 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 Menlo Park, 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 Menlo Park, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Menlo Park, 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 Menlo Park, 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 Menlo Park, 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.
1. Benefits of FHA Down Payment Assistance Home Loan: FHA loans offer low down payment requirements, making homeownership more accessible. The down payment assistance programs can help buyers with limited funds to secure a home loan with favorable terms and interest rates. 2. Demographics: Menlo Park, California, is a diverse city with a population of around 35,000 residents. The area is known for its well-educated population, with a high percentage of residents holding advanced degrees. 3. Housing Market: Menlo Park's housing market is competitive, with a median home price significantly above the national average. The FHA Down Payment Assistance Home Loan can provide buyers with the extra financial support needed to enter the market and secure a home in this desirable location. 4. Main Attractions: Menlo Park is home to popular attractions such as the Allied Arts Guild, Bedwell Bayfront Park, and Stanford Shopping Center. The city offers a vibrant downtown area with shops, restaurants, and cultural events for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Menlo Park, California
