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 Merced, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Merced, CA provides a financial boost to eligible homebuyers in Merced, 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 Merced, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Merced, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Merced, 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 Merced, 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 Merced, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Merced, 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 Merced, 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 Merced, 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 provide various benefits for homebuyers in Merced, California. These loans offer lower down payment requirements, allowing individuals with limited savings to become homeowners. The assistance programs help in reducing the upfront costs associated with purchasing a home, making it more accessible for first-time buyers or those with financial constraints. Merced, California, is known for its diverse demographics, including a mix of young families, college students from the University of California campus, and a growing population of retirees. The city's cultural vibrancy is enhanced by its blend of Hispanic, Asian, and Caucasian communities, creating a rich tapestry of traditions and backgrounds. The housing market in Merced, California, has been experiencing steady growth in recent years. The demand for affordable housing options coupled with low-interest rates has attracted buyers to the region. With the assistance of FHA loans, more individuals can fulfill their dream of owning a home in Merced, contributing to the overall stability and development of the local real estate market. Merced offers a range of attractions for residents and visitors alike. From the picturesque Merced River to the historic Merced County Courthouse Museum, the city provides a blend of natural beauty and cultural heritage. Residents can enjoy outdoor activities such as hiking in Yosemite National Park or exploring the local artisanal shops and eateries in downtown Merced.
Benefits of FHA Down Payment Assistance Home Loan in Merced, California
