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 Paramount, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Paramount, CA provides a financial boost to eligible homebuyers in Paramount, 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 Paramount, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Paramount, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Paramount, 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 Paramount, 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 Paramount, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Paramount, 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 Paramount, 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 Paramount, 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.
Benefits of FHA Down Payment Assistance in Paramount: The FHA loan program provides down payment assistance to help buyers with limited funds purchase a home. This increases accessibility to home ownership, offers competitive interest rates, and requires a lower credit score compared to conventional loans. Demographics of Paramount: Paramount has a diverse demographic profile with a mix of Hispanic, African American, and Asian residents. The city has a suburban feel with many families and young professionals calling it home. Housing Market in Paramount: Paramount's housing market is competitive yet affordable compared to neighboring areas. The median home price is reasonable, making it an attractive option for first-time buyers. The FHA down payment assistance program further eases the financial burden of purchasing a home here. Main Attractions in Paramount: Paramount is known for its parks, such as Progress Park and Spane Park, offering recreational activities for residents. The city also has a thriving local food scene with diverse dining options, and is conveniently located near popular attractions like Disneyland and downtown Los Angeles.
FHA Down Payment Assistance Home Loan in Paramount, California
