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 Palmdale, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Palmdale, CA provides a financial boost to eligible homebuyers in Palmdale, 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 Palmdale, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Palmdale, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Palmdale, 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 Palmdale, 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 Palmdale, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Palmdale, 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 Palmdale, 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 Palmdale, 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 Loan in Palmdale, California offers numerous benefits to homebuyers including low down payment requirements, competitive interest rates, and lenient credit score criteria. This program is particularly advantageous for first-time homebuyers or those with limited savings, making the dream of homeownership more accessible. Palmdale, California, a diverse city located in the Antelope Valley, has a population of over 150,000 residents. The demographics of Palmdale show a mix of cultures and backgrounds, creating a vibrant community atmosphere. The city is known for its family-friendly environment and strong sense of community. The housing market in Palmdale is robust, with a variety of housing options ranging from single-family homes to townhouses and condos. The FHA Down Payment Assistance Home Loan can help buyers navigate the competitive market by providing financial support and easing the burden of a large down payment. Palmdale boasts several main attractions such as the Antelope Valley Mall, DryTown Water Park, and the Antelope Valley California Poppy Reserve, which showcases the beautiful California poppies in bloom. These attractions offer residents and visitors alike opportunities for entertainment and relaxation.
Benefits of FHA Down Payment Assistance Home Loan in Palmdale, California
