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 Modesto, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Modesto, CA provides a financial boost to eligible homebuyers in Modesto, 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 Modesto, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Modesto, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Modesto, 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 Modesto, 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 Modesto, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Modesto, 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 Modesto, 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 Modesto, 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 Loan in Modesto offers several benefits to potential homebuyers. Firstly, it allows individuals with lower credit scores to qualify for a home loan. Additionally, the program provides financial aid to cover the down payment, making homeownership more accessible. Modesto, California, is a diverse city with a population of approximately 215,000 residents. The demographics include a mix of white, Hispanic, and Asian communities. The city has a lower cost of living compared to neighboring areas, making it an attractive option for families and young professionals. The housing market in Modesto is dynamic, with a variety of housing options available. The median home price is affordable compared to other parts of California, making it an ideal location for first-time buyers. The FHA Down Payment Assistance program further aids in making homeownership achievable for many individuals. Some main attractions in Modesto include the McHenry Mansion, a historic landmark that offers guided tours to visitors. The city is also known for its vibrant arts scene, including the Gallo Center for the Arts, which hosts performances ranging from music concerts to theatrical productions.
Benefits of FHA Down Payment Assistance Home Loan in Modesto, California
