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 Newport Beach, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Newport Beach, CA provides a financial boost to eligible homebuyers in Newport Beach, 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 Newport Beach, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Newport Beach, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Newport Beach, 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 Newport Beach, 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 Newport Beach, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Newport Beach, 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 Newport Beach, 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 Newport Beach, 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 homebuyers in Newport Beach. These loans require a lower down payment, making homeownership more accessible to individuals who may not have substantial savings. Additionally, FHA loans often have lower interest rates, helping borrowers save money over the life of the loan. Newport Beach, located in Orange County, California, boasts a diverse population. The city has a mix of young professionals, families, and retirees, creating a vibrant community. The median household income is above the national average, reflecting the region's prosperity. The housing market in Newport Beach is dynamic, offering a range of properties from luxurious beachfront estates to cozy suburban homes. While the market can be competitive, FHA loans provide an opportunity for eligible buyers to enter the market with more flexibility. Some of the main attractions in Newport Beach include the iconic Newport Pier, Balboa Island, and Fashion Island. The city offers a variety of recreational activities, dining options, and shopping experiences, making it a desirable place to live and explore.
Benefits of FHA Down Payment Assistance Home Loan in Newport Beach, California
