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 Palo Alto, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Palo Alto, CA provides a financial boost to eligible homebuyers in Palo Alto, 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 Palo Alto, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Palo Alto, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Palo Alto, 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 Palo Alto, 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 Palo Alto, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Palo Alto, 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 Palo Alto, 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 Palo Alto, 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 loans are known for their low down payment options, making homeownership more accessible. In Palo Alto, California, this is particularly useful due to the high cost of living and property prices. With FHA down payment assistance, borrowers can secure a home with as little as 3.5% down, easing the upfront financial burden. Demographics: Palo Alto is a diverse city with a population that includes a significant number of professionals working in the tech industry. The city has a highly educated population, with a strong emphasis on innovation and entrepreneurship. These demographics make Palo Alto an attractive location for individuals and families looking to settle in a dynamic community. Housing Market: The housing market in Palo Alto is competitive, with high demand and limited inventory driving prices up. FHA down payment assistance can give buyers an edge in this market, allowing them to make competitive offers and secure their dream homes. The assistance program provides flexibility and financial support to navigate the challenging housing market. Main Attractions: Palo Alto offers a range of attractions, including the iconic Stanford University campus, lush parks and gardens, upscale dining and shopping options, and a vibrant arts and culture scene. The city's proximity to Silicon Valley also makes it a hub for innovation and technology, attracting visitors and residents alike.
Benefits of FHA Down Payment Assistance Home Loan
