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 Morro Bay, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Morro Bay, CA provides a financial boost to eligible homebuyers in Morro Bay, 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 Morro Bay, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Morro Bay, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Morro Bay, 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 Morro Bay, 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 Morro Bay, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Morro Bay, 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 Morro Bay, 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 Morro Bay, 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 Morro Bay, California provides numerous benefits for homebuyers. These loans offer lower down payment requirements, making it easier for individuals to achieve homeownership. Additionally, FHA loans typically have lower credit score requirements, making them accessible to a wider range of borrowers. Morro Bay, California, is a beautiful coastal city known for its stunning views, outdoor recreational activities, and vibrant art scene. With a population of around 10,000 people, the city offers a peaceful and tight-knit community for residents. The housing market in Morro Bay is diverse, offering a mix of single-family homes, condos, and townhouses. With the help of FHA Down Payment Assistance Home Loans, individuals can find affordable housing options that suit their needs and preferences, whether they are looking for a waterfront property or a cozy inland home. Some of the main attractions in Morro Bay include the iconic Morro Rock, a volcanic plug that stands tall at the entrance of the harbor, and the Morro Bay State Park, which offers hiking trails, birdwatching opportunities, and camping facilities for outdoor enthusiasts.
Benefits of FHA Down Payment Assistance Home Loan in Morro Bay, California
