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 Newcastle, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Newcastle, CA provides a financial boost to eligible homebuyers in Newcastle, 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 Newcastle, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Newcastle, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Newcastle, 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 Newcastle, 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 Newcastle, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Newcastle, 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 Newcastle, 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 Newcastle, 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.
The FHA Down Payment Assistance Home Loan program in Newcastle, California offers several benefits. One of the main advantages is the lower down payment requirement, making homeownership more accessible to a wider range of individuals. Additionally, the program provides competitive interest rates, helping buyers save money in the long run. It also allows for borrowers with less-than-perfect credit to qualify for a home loan. Newcastle, California, is a charming town with a diverse demographic mix. The population consists of families, young professionals, and retirees, creating a vibrant community. The town has a strong sense of community, with various local events and activities that bring residents together. In terms of the housing market, Newcastle offers a range of options, from historic homes to modern developments. The market is currently stable, with steady appreciation rates making it a good investment opportunity. The availability of FHA Down Payment Assistance Home Loans further boosts the housing market by encouraging more buyers to invest in property. Some main attractions in Newcastle include the Newcastle Produce, a popular local market offering fresh produce and gourmet goods. The Auburn State Recreation Area is also nearby, providing outdoor activities such as hiking and picnicking. Additionally, the town is known for its wineries, offering a taste of the local wine culture.
FHA Down Payment Assistance Home Loan in Newcastle, California
