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 Pasadena, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Pasadena, CA provides a financial boost to eligible homebuyers in Pasadena, 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 Pasadena, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Pasadena, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Pasadena, 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 Pasadena, 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 Pasadena, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Pasadena, 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 Pasadena, 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 Pasadena, 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.
An FHA Down Payment Assistance Home Loan in Pasadena, California provides several benefits to homebuyers. One of the main advantages is the lower down payment requirement, which can be as low as 3.5% of the home purchase price. This makes homeownership more accessible to individuals who may not have substantial savings for a traditional down payment. Additionally, the FHA loan program offers competitive interest rates and allows for higher debt-to-income ratios compared to conventional loans. This can benefit borrowers with lower credit scores or less-than-perfect financial histories, as they may still qualify for a loan under this program. Another key advantage is that FHA loans are assumable, meaning that if you sell your home, the buyer can take over your existing FHA loan, potentially offering them a favorable financing option.
Benefits of FHA Down Payment Assistance Home Loan in Pasadena, California
