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 Coast, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Newport Coast, CA provides a financial boost to eligible homebuyers in Newport Coast, 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 Coast, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Newport Coast, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Newport Coast, 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 Coast, 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 Coast, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Newport Coast, 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 Coast, 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 Coast, 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.
One of the key benefits of a FHA down payment assistance home loan in Newport Coast, California, is the lower down payment requirement compared to traditional loans. This can make homeownership more accessible to a wider range of individuals and families. Additionally, FHA loans often have more lenient credit score requirements, making it easier for people with less-than-perfect credit to qualify. This can be particularly helpful for first-time homebuyers or those who have experienced financial difficulties in the past. Another advantage is the potential for lower interest rates on FHA loans, which can result in long-term savings for the borrower. Combined with the down payment assistance program, this can make buying a home in Newport Coast more affordable. Demographics Newport Coast is an affluent community in Orange County, California, known for its stunning coastal views and upscale amenities. The population primarily consists of well-educated professionals and families with above-average incomes. Housing Market The housing market in Newport Coast is competitive, with a mix of luxury single-family homes and upscale condominiums. Prices can range from the high hundreds of thousands to several million dollars, depending on the property's size, location, and amenities. Main Attractions Some of the main attractions in Newport Coast include the Pelican Hill Golf Club, Crystal Cove State Park, and the Newport Coast Shopping Center. Residents can also enjoy easy access to the beach, hiking trails, and upscale dining and shopping options.
Benefits of FHA Down Payment Assistance Home Loan in Newport Coast, California
