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 Norwalk, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Norwalk, CA provides a financial boost to eligible homebuyers in Norwalk, 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 Norwalk, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Norwalk, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Norwalk, 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 Norwalk, 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 Norwalk, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Norwalk, 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 Norwalk, 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 Norwalk, 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 several benefits to potential homebuyers in Norwalk, California. One of the primary advantages is the lower down payment requirement, making homeownership more accessible to individuals with limited savings. Additionally, FHA loans typically have lower credit score requirements compared to conventional loans, allowing individuals with less-than-perfect credit to qualify for a mortgage. This can be particularly beneficial for first-time homebuyers or those with previous financial challenges. Moreover, FHA loans also often come with competitive interest rates, potentially resulting in lower monthly mortgage payments for borrowers. This can make homeownership more affordable in the long run, especially in a city like Norwalk where the cost of living can be high. Demographics Norwalk, California, is a vibrant city with a diverse population. The demographics of Norwalk include a mix of different ethnicities, cultures, and ages, creating a unique and welcoming community for residents. Housing Market The housing market in Norwalk, California, offers a variety of housing options ranging from single-family homes to condominiums and apartments. The city has seen steady growth in property values over the years, making it an attractive location for real estate investment. Main Attractions Some of the main attractions in Norwalk include the renowned Los Cerritos Center for shopping enthusiasts, the beautiful Wilderness Park for outdoor activities, and the historic Norwalk Square for a taste of the city's heritage and culture.
Benefits of FHA Down Payment Assistance Home Loan in Norwalk, California
