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 Milpitas, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Milpitas, CA provides a financial boost to eligible homebuyers in Milpitas, 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 Milpitas, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Milpitas, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Milpitas, 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 Milpitas, 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 Milpitas, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Milpitas, 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 Milpitas, 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 Milpitas, 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.
Benefits of FHA Down Payment Assistance Home Loans FHA loans allow for lower credit scores and down payments, making homeownership more accessible to a wider range of buyers. Down payment assistance programs further help buyers by providing financial support to cover upfront costs. These loans also offer competitive interest rates, fixed-rate options, and lenient qualification criteria, making them an attractive option for first-time homebuyers and those with limited savings. Additionally, FHA loans come with protections for borrowers, such as limits on closing costs and stringent property standards, ensuring the purchase of a safe and secure home. Demographics of Milpitas, California Milpitas is a diverse community located in Santa Clara County, with a mix of young professionals, families, and a significant Asian American population. The city boasts a strong sense of community with various cultural events and festivals throughout the year. Housing Market in Milpitas, California The housing market in Milpitas is competitive but offers a range of options from single-family homes to modern condos. The median home value is above the national average, reflecting the desirability of the area due to its proximity to major tech companies in Silicon Valley. Main Attractions in Milpitas, California Some main attractions in Milpitas include the Great Mall for shopping, hiking trails in the nearby hills, and the Milpitas Sports Center for recreation. The city also has a vibrant dining scene with diverse cuisines to explore.
FHA Down Payment Assistance Home Loan Benefits in Milpitas, California
