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 Oceano, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Oceano, CA provides a financial boost to eligible homebuyers in Oceano, 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 Oceano, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Oceano, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Oceano, 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 Oceano, 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 Oceano, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Oceano, 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 Oceano, 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 Oceano, 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.
Oceano, California offers numerous benefits for homebuyers utilizing FHA Down Payment Assistance Home Loans. These loans provide lower down payment requirements, making homeownership more accessible to a wider range of individuals. Additionally, FHA loans often have lower interest rates and more flexible qualification criteria, making them an attractive option for first-time homebuyers. Oceano is a diverse community with a population that reflects a mix of ages, backgrounds, and cultures. The town's proximity to the Pacific Ocean and beautiful beaches makes it a desirable location for those seeking a laid-back coastal lifestyle. The median household income in Oceano is around the national average, making it an affordable option for many potential homebuyers. The housing market in Oceano is characterized by a mix of single-family homes, condominiums, and townhouses. The median home price in Oceano is below the California average, providing an opportunity for affordable homeownership. With the assistance of FHA loans, buyers can secure financing that aligns with their budget and financial goals, making owning a home in Oceano a reality. Oceano is known for its stunning natural beauty, including the Oceano Dunes Natural Preserve and the Monarch Butterfly Grove. The town also offers a variety of recreational activities such as hiking, surfing, and wine tasting, making it an ideal location for outdoor enthusiasts and nature lovers.
Benefits of FHA Down Payment Assistance Home Loan in Oceano, California
