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 Montebello, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Montebello, CA provides a financial boost to eligible homebuyers in Montebello, 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 Montebello, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Montebello, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Montebello, 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 Montebello, 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 Montebello, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Montebello, 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 Montebello, 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 Montebello, 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 Loan: FHA loans offer low down payments, competitive interest rates, and flexible credit requirements. The down payment assistance program aids first-time homebuyers in achieving their homeownership dreams by providing financial support towards the down payment. Demographics: Montebello, California, has a diverse population with a mix of Hispanic, White, Asian, and African American residents. The city has a strong sense of community and offers a range of cultural events and activities that celebrate its diversity. Housing Market: Montebello's housing market is competitive, with a variety of housing options ranging from single-family homes to apartments. The FHA loan program makes homeownership more accessible to a wider range of individuals, contributing to the stability and growth of the local real estate market. Main Attractions: Montebello is home to popular attractions such as the Montebello Barnyard Zoo, Montebello Country Club, and the Montebello Plaza Shopping Center. Residents enjoy a variety of recreational activities, dining options, and shopping experiences in this vibrant city.
FHA Down Payment Assistance Home Loan in Montebello, California
