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 Millbrae, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Millbrae, CA provides a financial boost to eligible homebuyers in Millbrae, 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 Millbrae, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Millbrae, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Millbrae, 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 Millbrae, 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 Millbrae, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Millbrae, 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 Millbrae, 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 Millbrae, 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 in Millbrae, California provide first-time homebuyers with lower down payment requirements, making homeownership more accessible. This program can help individuals with limited savings to achieve their dream of owning a home. Demographically, Millbrae is a diverse city with a population that has a mix of different ethnicities and cultures. The community is known for its strong sense of pride and involvement in local events and activities, making it a welcoming place for families and individuals alike. The housing market in Millbrae is competitive, with a mix of single-family homes, townhouses, and condos available. The assistance provided by FHA loans can give buyers a competitive edge in this market, allowing them to secure a home in a desirable location with favorable loan terms. Main attractions in Millbrae include the scenic Bayfront Park, which offers beautiful views of the San Francisco Bay and opportunities for outdoor recreation. Additionally, the city is home to a variety of dining options, shopping centers, and cultural attractions that cater to residents of all ages.
Benefits of FHA Down Payment Assistance Home Loan in Millbrae, California
