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 Novato, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Novato, CA provides a financial boost to eligible homebuyers in Novato, 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 Novato, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Novato, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Novato, 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 Novato, 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 Novato, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Novato, 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 Novato, 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 Novato, 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 significant benefits of an FHA Down Payment Assistance Home Loan in Novato, California, is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This makes homeownership more attainable for first-time buyers and those with limited savings. Moreover, FHA loans are popular for their competitive interest rates and less stringent credit score requirements compared to conventional loans. This can make it easier for borrowers with less-than-perfect credit to qualify for a mortgage in Novato. Furthermore, FHA loans offer options for financing home repairs and improvements through the FHA 203(k) rehab loan program. This can be beneficial for buyers looking to invest in a fixer-upper or renovate their existing home in Novato. Demographics: Novato, California, is a diverse city with a mix of young professionals, families, and retirees. The population is approximately 55,000, with a median household income higher than the national average. The city boasts a well-educated population with a high percentage of residents holding college degrees. Housing Market: The housing market in Novato is competitive, with a median home value above the national average. However, the city offers a range of housing options, from single-family homes to condominiums, catering to various preferences and budgets. Main Attractions: Novato is known for its picturesque landscapes, including parks, hiking trails, and waterfront areas. The city offers a vibrant downtown area with shops, restaurants, and cultural attractions. Residents and visitors can enjoy recreational activities, such as golfing, biking, and visiting local wineries.
FHA Down Payment Assistance Home Loan Benefits in Novato, California
