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 Newman, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Newman, CA provides a financial boost to eligible homebuyers in Newman, 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 Newman, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Newman, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Newman, 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 Newman, 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 Newman, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Newman, 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 Newman, 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 Newman, 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.
When considering a FHA Down Payment Assistance Home Loan in Newman, California, the benefits are numerous. One key advantage is the lower down payment requirement, making home ownership more accessible. Additionally, these loans often have competitive interest rates, making them an attractive option for first-time homebuyers. The assistance provided can help individuals achieve their dream of owning a home while easing the financial burden. Newman, California, is a diverse community with a population that includes families, young professionals, and retirees. The area is known for its friendly neighborhoods and strong sense of community. With easy access to major cities like San Francisco and Sacramento, Newman offers a suburban lifestyle while still being conveniently located near urban amenities. The housing market in Newman, California, is vibrant, with a mix of single-family homes, townhouses, and apartments available. The market has seen steady growth in recent years, making it an attractive option for both buyers and investors. With various housing options to choose from, there is something for everyone in Newman's real estate market. Main attractions in Newman, California, include the historic downtown area, which features charming shops, restaurants, and local businesses. Outdoor enthusiasts can enjoy parks and recreational areas that offer opportunities for hiking, biking, and other activities. The community also hosts events and festivals throughout the year, bringing residents together for fun and entertainment.
Benefits of FHA Down Payment Assistance Home Loan in Newman, California
