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 Morgan Hill, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Morgan Hill, CA provides a financial boost to eligible homebuyers in Morgan Hill, 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 Morgan Hill, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Morgan Hill, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Morgan Hill, 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 Morgan Hill, 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 Morgan Hill, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Morgan Hill, 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 Morgan Hill, 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 Morgan Hill, 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: The FHA loan program allows for a lower down payment, making home ownership more accessible. Additionally, the down payment assistance programs can help first-time homebuyers with limited savings to achieve their dream of owning a home in Morgan Hill. Demographics: Morgan Hill, located in Santa Clara County, has a diverse population with a mix of young professionals and families. The city has a strong sense of community and is known for its excellent schools and family-friendly neighborhoods. Housing Market: The housing market in Morgan Hill is competitive, with a range of properties from single-family homes to condominiums. The FHA loan with down payment assistance can help buyers navigate the market and secure a home in this sought-after area. Main Attractions: Morgan Hill offers a variety of attractions, including the beautiful Anderson Lake County Park, wineries for wine enthusiasts, and the vibrant downtown area with shops and restaurants. The city's convenient location near Silicon Valley makes it an ideal place to live and work.
FHA Down Payment Assistance Home Loan in Morgan Hill, California
