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 Northridge, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Northridge, CA provides a financial boost to eligible homebuyers in Northridge, 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 Northridge, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Northridge, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Northridge, 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 Northridge, 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 Northridge, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Northridge, 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 Northridge, 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 Northridge, 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.
An FHA loan with down payment assistance in Northridge, California provides an opportunity for low to moderate-income families to achieve homeownership with a lower upfront cost. This program helps individuals who may struggle with securing a large down payment to buy their home. Demographics in Northridge, California show a diverse community with a mix of families, students from California State University, Northridge, and young professionals. The area is known for its excellent schools, making it an appealing location for families looking to settle down. In terms of the housing market, Northridge offers a range of housing options from single-family homes to apartments. The market has been stable in recent years, with a steady increase in property values, making it a sound investment for homebuyers. Main attractions in Northridge include the popular Northridge Fashion Center, providing residents with a variety of shopping and dining options. The area also boasts beautiful parks such as Northridge Park, perfect for outdoor activities and recreation.
Benefits of FHA Down Payment Assistance Home Loan
