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 Oakland, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Oakland, CA provides a financial boost to eligible homebuyers in Oakland, 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 Oakland, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Oakland, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Oakland, 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 Oakland, 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 Oakland, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Oakland, 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 Oakland, 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 Oakland, 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 an FHA Down Payment Assistance home loan in Oakland, California is the opportunity it provides for individuals and families to achieve the dream of homeownership with a lower down payment requirement. This program helps make housing more accessible to a broader demographic by offering financial assistance to cover a portion of the down payment, making it easier to qualify for a loan. Oakland, California, is a diverse city with a population that represents a wide range of cultures and backgrounds. The city's demographics include a mix of ethnicities, age groups, and income levels, creating a vibrant community that celebrates its differences and promotes inclusivity. The housing market in Oakland, California, is dynamic and offers a range of options for potential homebuyers. With the support of FHA Down Payment Assistance programs, individuals can navigate the market more easily and secure a home that meets their needs and budget. The city's real estate landscape includes a mix of historic neighborhoods, modern developments, and opportunities for investment. Aside from its housing market, Oakland boasts an array of attractions that make it a desirable place to live. From the scenic Lake Merritt and the vibrant downtown area to the bustling food scene and cultural events, Oakland offers residents a rich and diverse quality of life that reflects the city's unique character and charm.
Benefits of FHA Down Payment Assistance Home Loan in Oakland, California
