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 Monterey, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Monterey, CA provides a financial boost to eligible homebuyers in Monterey, 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 Monterey, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Monterey, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Monterey, 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 Monterey, 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 Monterey, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Monterey, 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 Monterey, 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 Monterey, 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 Monterey, California offer numerous benefits such as lower down payment requirements, competitive interest rates, and easier qualification criteria for homebuyers. Monterey, California, with a population of around 28,000 residents, is a diverse and vibrant community known for its rich history, beautiful coastal landscapes, and world-class dining and shopping experiences. The housing market in Monterey is dynamic, with a mix of historic homes, modern developments, and luxury properties. The median home price is $900,000, making it an attractive location for prospective homebuyers seeking a seaside lifestyle. Main attractions in Monterey include the historic Cannery Row, the Monterey Bay Aquarium, Pebble Beach Golf Links, and the scenic 17-Mile Drive, offering residents and visitors an array of recreational and cultural activities to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Monterey, California
