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 Montrose, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Montrose, CA provides a financial boost to eligible homebuyers in Montrose, 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 Montrose, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Montrose, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Montrose, 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 Montrose, 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 Montrose, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Montrose, 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 Montrose, 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 Montrose, 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 offer various benefits to potential homeowners in Montrose, California. Some of the advantages include lower down payment requirements, competitive interest rates, and easier qualification criteria compared to traditional mortgages. Montrose, California, is a diverse community with a population that represents a mix of different ethnicities and age groups. The area features a blend of residential neighborhoods, parks, and small businesses, creating a vibrant and welcoming atmosphere for residents. The housing market in Montrose, California, is known for its stability and steady appreciation in property values over the years. With a range of housing options available, from single-family homes to townhouses, Montrose provides opportunities for both first-time buyers and seasoned investors. Main attractions in Montrose, California, include the picturesque Montrose Shopping Park, where visitors can explore quaint shops and dine at local eateries. Additionally, the nearby Verdugo Mountains offer hiking trails and scenic views, making it a popular destination for outdoor enthusiasts.
FHA Down Payment Assistance Home Loan in Montrose, California
